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

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 2,300 shares, a drop of 39.5% from the January 31st total of 3,800 shares. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its stake in Nuveen Multi-Market Income Fund by 50.4% in the 4th quarter. Wells Fargo & Company MN now owns 10,456 shares of the company’s stock worth $63,000 after buying an additional 3,506 shares in the last quarter. Transform Wealth LLC purchased a new position in Nuveen Multi-Market Income Fund in the 4th quarter worth approximately $326,000. Aviance Capital Partners LLC grew its stake in Nuveen Multi-Market Income Fund by 22.5% in the 4th quarter. Aviance Capital Partners LLC now owns 106,618 shares of the company’s stock worth $645,000 after buying an additional 19,560 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Nuveen Multi-Market Income Fund in the 3rd quarter worth approximately $840,000. Finally, 1607 Capital Partners LLC boosted its stake in shares of Nuveen Multi-Market Income Fund by 1.7% in the 4th quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company’s stock valued at $3,176,000 after purchasing an additional 8,850 shares in the last quarter. Hedge funds and other institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Price Performance

Shares of JMM stock traded down $0.11 during trading hours on Tuesday, reaching $6.24. The stock had a trading volume of 4,358 shares, compared to its average volume of 4,804. The stock’s fifty day simple moving average is $6.09 and its 200 day simple moving average is $6.13. Nuveen Multi-Market Income Fund has a 12 month low of $5.78 and a 12 month high of $6.47.

Nuveen Multi-Market Income Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.029 dividend. The ex-dividend date is Friday, March 14th.

About Nuveen Multi-Market Income Fund

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.