Nuveen Global High Income Fund (NYSE:JGH) Sees Significant Increase in Short Interest

Nuveen Global High Income Fund (NYSE:JGH) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 68,300 shares, a growth of 68.6% from the January 31st total of 40,500 shares. Based on an average daily volume of 48,700 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Nuveen Global High Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Nuveen Global High Income Fund during the 4th quarter valued at $2,001,000. Pathstone Holdings LLC lifted its position in Nuveen Global High Income Fund by 70.1% during the third quarter. Pathstone Holdings LLC now owns 248,413 shares of the company’s stock worth $3,324,000 after purchasing an additional 102,391 shares during the period. Shaker Financial Services LLC lifted its position in Nuveen Global High Income Fund by 93.5% during the fourth quarter. Shaker Financial Services LLC now owns 162,483 shares of the company’s stock worth $2,086,000 after purchasing an additional 78,508 shares during the period. Wolverine Asset Management LLC acquired a new stake in Nuveen Global High Income Fund during the third quarter worth about $661,000. Finally, Landscape Capital Management L.L.C. bought a new position in Nuveen Global High Income Fund in the 3rd quarter valued at about $249,000.

Nuveen Global High Income Fund Stock Performance

NYSE JGH traded up $0.08 during trading on Friday, reaching $13.36. The company’s stock had a trading volume of 45,091 shares, compared to its average volume of 45,418. The firm has a 50 day moving average price of $13.11 and a 200 day moving average price of $13.08. Nuveen Global High Income Fund has a 12 month low of $12.02 and a 12 month high of $13.47.

Nuveen Global High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.1035 per share. This represents a $1.24 dividend on an annualized basis and a yield of 9.30%. The ex-dividend date is Friday, February 14th.

About Nuveen Global High Income Fund

Nuveen Global High 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 fixed income markets across the globe. The fund primarily invests in U.S. high-yield bonds, non-U.S.