Nuveen Multi-Market Income Fund (NYSE:JMM) Sees Significant Growth in Short Interest

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 4,100 shares, a growth of 51.9% from the October 31st total of 2,700 shares. Based on an average daily trading volume, of 8,500 shares, the days-to-cover ratio is currently 0.5 days.

Nuveen Multi-Market Income Fund Stock Performance

Shares of Nuveen Multi-Market Income Fund stock traded up $0.04 on Friday, hitting $6.09. 2,872 shares of the company traded hands, compared to its average volume of 4,981. The stock’s 50 day moving average price is $6.15 and its 200-day moving average price is $6.10. Nuveen Multi-Market Income Fund has a 52 week low of $5.67 and a 52 week high of $6.47.

Nuveen Multi-Market Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.0275 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Friday, November 15th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nuveen Multi-Market Income Fund stock. Kovitz Investment Group Partners LLC bought a new stake in Nuveen Multi-Market Income Fund (NYSE:JMM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 132,087 shares of the company’s stock, valued at approximately $840,000. Kovitz Investment Group Partners LLC owned 1.40% of Nuveen Multi-Market Income Fund at the end of the most recent reporting period. 67.34% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Multi-Market Income Fund Company Profile

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.