Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Update

Nuveen Multi-Market Income Fund (NYSE:JMMGet Rating) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 3,500 shares, a growth of 169.2% from the March 31st total of 1,300 shares. Based on an average daily volume of 9,300 shares, the days-to-cover ratio is currently 0.4 days.

A number of institutional investors and hedge funds have recently bought and sold shares of JMM. BNC Wealth Management LLC acquired a new position in shares of Nuveen Multi-Market Income Fund during the 4th quarter valued at $81,000. Bank of America Corp DE increased its position in shares of Nuveen Multi-Market Income Fund by 12.4% during the 2nd quarter. Bank of America Corp DE now owns 17,811 shares of the company’s stock valued at $133,000 after purchasing an additional 1,971 shares during the period. BCK Partners Inc. acquired a new position in shares of Nuveen Multi-Market Income Fund during the 1st quarter valued at $166,000. Kestra Advisory Services LLC acquired a new position in shares of Nuveen Multi-Market Income Fund during the 1st quarter valued at $196,000. Finally, Concourse Financial Group Securities Inc. increased its position in shares of Nuveen Multi-Market Income Fund by 9.7% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 39,811 shares of the company’s stock valued at $302,000 after purchasing an additional 3,534 shares during the period. Hedge funds and other institutional investors own 61.93% of the company’s stock.

JMM traded down $0.05 during trading hours on Friday, hitting $6.22. The company’s stock had a trading volume of 6,776 shares, compared to its average volume of 7,283. Nuveen Multi-Market Income Fund has a fifty-two week low of $6.21 and a fifty-two week high of $7.71. The company has a 50-day simple moving average of $6.51 and a 200 day simple moving average of $7.03.

The firm also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Investors of record on Thursday, April 14th will be given a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 5.79%. The ex-dividend date is Wednesday, April 13th.

Nuveen Multi-Market Income Fund Company Profile (Get Rating)

Nuveen Multi-Market Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.

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