Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Update

by · The Cerbat Gem

Nuveen Multi-Asset Income Fund (NYSE:NMAI – Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 149,600 shares, a growth of 54.9% from the August 31st total of 96,600 shares. Based on an average daily trading volume, of 113,300 shares, the short-interest ratio is presently 1.3 days.

Nuveen Multi-Asset Income Fund Trading Down 0.2 %

Shares of Nuveen Multi-Asset Income Fund stock traded down $0.02 during trading on Friday, reaching $13.12. 149,644 shares of the stock traded hands, compared to its average volume of 83,838. The business has a fifty day simple moving average of $13.13 and a two-hundred day simple moving average of $12.55. Nuveen Multi-Asset Income Fund has a 52-week low of $10.60 and a 52-week high of $13.50.

Nuveen Multi-Asset Income Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $0.4175 per share. This is a positive change from Nuveen Multi-Asset Income Fund’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 12.73%.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 35,998 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $13.22, for a total transaction of $475,893.56. Following the completion of the transaction, the insider now owns 4,712,808 shares in the company, valued at $62,303,321.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NMAI. International Assets Investment Management LLC bought a new position in shares of Nuveen Multi-Asset Income Fund in the 2nd quarter valued at about $95,000. Koshinski Asset Management Inc. bought a new position in shares of Nuveen Multi-Asset Income Fund in the 1st quarter valued at about $180,000. Cetera Advisors LLC bought a new position in shares of Nuveen Multi-Asset Income Fund in the 1st quarter valued at about $303,000. Shaker Financial Services LLC bought a new stake in Nuveen Multi-Asset Income Fund in the second quarter worth about $412,000. Finally, Sanctuary Advisors LLC bought a new stake in Nuveen Multi-Asset Income Fund in the second quarter worth about $611,000.

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