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

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

Nuveen Multi-Market Income Fund Trading Up 0.4 %

JMM stock traded up $0.03 during midday trading on Friday, reaching $6.17. 3,398 shares of the company’s stock traded hands, compared to its average volume of 4,716. Nuveen Multi-Market Income Fund has a fifty-two week low of $5.78 and a fifty-two week high of $6.47. The business has a 50-day moving average price of $6.07 and a two-hundred day moving average price of $6.13.

Nuveen Multi-Market Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $0.029 dividend. This represents a $0.35 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

Hedge funds have recently modified their holdings of the stock. Kovitz Investment Group Partners LLC purchased a new stake in shares of Nuveen Multi-Market Income Fund during the third quarter worth about $840,000. Transform Wealth LLC acquired a new stake in Nuveen Multi-Market Income Fund in the fourth quarter worth $326,000. Aviance Capital Partners LLC increased its holdings in shares of 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 acquiring an additional 19,560 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Nuveen Multi-Market Income Fund by 50.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,456 shares of the company’s stock valued at $63,000 after buying an additional 3,506 shares during the last quarter. Finally, Sit Investment Associates Inc. raised its stake in Nuveen Multi-Market Income Fund by 3.6% during the 4th quarter. Sit Investment Associates Inc. now owns 5,575,283 shares of the company’s stock valued at $33,730,000 after acquiring an additional 192,829 shares in the last quarter. 67.34% of the stock is currently owned by hedge funds and other institutional investors.

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.