Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Down 60.6% in March

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 22,800 shares, a decrease of 60.6% from the February 28th total of 57,800 shares. Based on an average daily volume of 130,300 shares, the short-interest ratio is presently 0.2 days.

Nuveen Multi-Asset Income Fund Stock Down 0.7 %

Shares of NYSE:NMAI traded down $0.08 during midday trading on Friday, hitting $11.94. The company had a trading volume of 93,790 shares, compared to its average volume of 103,195. Nuveen Multi-Asset Income Fund has a 12 month low of $11.63 and a 12 month high of $13.50. The firm has a fifty day simple moving average of $12.38 and a 200 day simple moving average of $12.54.

Nuveen Multi-Asset Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.4175 per share. This represents a $1.67 dividend on an annualized basis and a yield of 13.99%. The ex-dividend date is Friday, March 14th.

Insider Buying and Selling at Nuveen Multi-Asset Income Fund

In other Nuveen Multi-Asset Income Fund news, major shareholder Saba Capital Management, L.P. sold 32,422 shares of Nuveen Multi-Asset Income Fund stock in a transaction on Monday, January 6th. The shares were sold at an average price of $12.21, for a total transaction of $395,872.62. Following the completion of the sale, the insider now owns 3,466,077 shares of the company’s stock, valued at approximately $42,320,800.17. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 260,230 shares of company stock worth $3,138,099.

Institutional Trading of Nuveen Multi-Asset Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC grew its holdings in 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 valued at $2,818,000 after purchasing an additional 19,814 shares during the period. 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 grew its holdings 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 during the period. Raymond James Financial Inc. bought a new stake in shares of Nuveen Multi-Asset Income Fund in the 4th quarter valued at $1,033,000. Finally, Quarry LP acquired a new stake in Nuveen Multi-Asset Income Fund during the 4th quarter worth $954,000.