Nuveen Multi-Asset Income Fund (NYSE:NMAI) Sees Significant Decrease in Short Interest

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 32,300 shares, a drop of 62.7% from the January 31st total of 86,700 shares. Based on an average daily volume of 120,800 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen Multi-Asset Income Fund Stock Performance

Nuveen Multi-Asset Income Fund stock remained flat at $12.63 on Friday. The company’s stock had a trading volume of 22,452 shares, compared to its average volume of 108,022. The company’s fifty day moving average is $12.29 and its two-hundred day moving average is $12.69. Nuveen Multi-Asset Income Fund has a one year low of $11.63 and a one year high of $13.50.

Nuveen Multi-Asset Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.4175 dividend. This represents a $1.67 annualized dividend and a yield of 13.22%. The ex-dividend date was Friday, December 13th.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. sold 15,564 shares of Nuveen Multi-Asset Income Fund stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $12.84, for a total value of $199,841.76. Following the transaction, the insider now directly owns 4,143,512 shares in the company, valued at approximately $53,202,694.08. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 515,450 shares of company stock valued at $6,336,266.

Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund

A number of institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC bought a new position in Nuveen Multi-Asset Income Fund during the 3rd quarter worth approximately $8,893,000. LPL Financial LLC boosted its position in shares of Nuveen Multi-Asset Income Fund by 9.2% during the fourth quarter. LPL Financial LLC now owns 234,052 shares of the company’s stock worth $2,818,000 after purchasing an additional 19,814 shares in the last quarter. Absolute Investment Advisers LLC acquired a new position in shares of Nuveen Multi-Asset Income Fund in the 4th quarter valued at $2,474,000. Shaker Financial Services LLC increased its position in shares of Nuveen Multi-Asset Income Fund by 152.4% in the 4th quarter. Shaker Financial Services LLC now owns 193,247 shares of the company’s stock valued at $2,327,000 after buying an additional 116,676 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in Nuveen Multi-Asset Income Fund by 1,411.5% during the 3rd quarter. International Assets Investment Management LLC now owns 116,191 shares of the company’s stock worth $1,536,000 after buying an additional 108,504 shares during the period.