Nuveen Multi-Market Income Fund (NYSE:JMM) Sees Significant Growth in Short Interest
by Teresa Graham · The Cerbat GemNuveen Multi-Market Income Fund (NYSE:JMM – Get Free Report) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,714 shares, an increase of 51.3% from the March 15th total of 1,133 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 4,800 shares, the days-to-cover ratio is currently 0.4 days.
Nuveen Multi-Market Income Fund Stock Down 0.5%
JMM traded down $0.03 during trading on Tuesday, reaching $5.91. The company had a trading volume of 2,894 shares, compared to its average volume of 3,786. The business has a 50 day simple moving average of $6.02 and a 200-day simple moving average of $6.10. Nuveen Multi-Market Income Fund has a 52 week low of $5.70 and a 52 week high of $6.52.
Nuveen Multi-Market Income Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be given a $0.029 dividend. The ex-dividend date is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 5.9%.
Institutional Trading of Nuveen Multi-Market Income Fund
A number of institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its stake in Nuveen Multi-Market Income Fund by 142.0% in the third quarter. Advisors Asset Management Inc. now owns 249,489 shares of the company’s stock worth $1,569,000 after purchasing an additional 146,395 shares during the period. Seven Mile Advisory purchased a new stake in Nuveen Multi-Market Income Fund in the third quarter worth $558,000. Susquehanna International Group LLP increased its stake in Nuveen Multi-Market Income Fund by 119.5% in the third quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock worth $281,000 after purchasing an additional 24,342 shares during the period. Raymond James Financial Inc. purchased a new stake in Nuveen Multi-Market Income Fund in the second quarter worth $30,000. Finally, Sit Investment Associates Inc. increased its stake in Nuveen Multi-Market Income Fund by 1.7% in the fourth quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock worth $34,619,000 after purchasing an additional 96,877 shares during the period. 67.34% of the stock is currently owned by institutional investors.
About Nuveen Multi-Market Income Fund
Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.
JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.