Nuveen Multi-Asset Income Fund (NYSE:NMAI – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 46,200 shares, a decline of 69.1% from the September 15th total of 149,600 shares. Based on an average daily volume of 114,700 shares, the days-to-cover ratio is currently 0.4 days.
Nuveen Multi-Asset Income Fund Stock Down 0.2 %
NMAI stock traded down $0.03 during midday trading on Thursday, reaching $12.88. 60,008 shares of the company’s stock traded hands, compared to its average volume of 86,311. Nuveen Multi-Asset Income Fund has a 52-week low of $10.60 and a 52-week high of $13.50. The stock’s 50-day moving average is $13.15 and its 200 day moving average is $12.61.
Nuveen Multi-Asset Income Fund Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were paid a $0.4175 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.67 annualized dividend and a dividend yield of 12.97%. This is an increase from Nuveen Multi-Asset Income Fund’s previous quarterly dividend of $0.42.
Insider Transactions at Nuveen Multi-Asset Income Fund
Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Nuveen Multi-Asset Income Fund during the second quarter valued at about $95,000. Koshinski Asset Management Inc. bought a new stake in Nuveen Multi-Asset Income Fund during the 1st quarter valued at approximately $180,000. Cetera Advisors LLC purchased a new position in Nuveen Multi-Asset Income Fund in the 1st quarter worth approximately $303,000. Shaker Financial Services LLC purchased a new position in Nuveen Multi-Asset Income Fund in the 2nd quarter worth approximately $412,000. Finally, Sanctuary Advisors LLC bought a new position in Nuveen Multi-Asset Income Fund in the 2nd quarter worth approximately $611,000.
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