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

Nuveen Global High Income Fund (NYSE:JGH) was the recipient 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 trading volume, of 48,700 shares, the days-to-cover ratio is currently 1.4 days.

Nuveen Global High Income Fund Stock Performance

NYSE JGH traded down $0.01 during trading hours on Monday, hitting $13.37. 42,948 shares of the company traded hands, compared to its average volume of 45,354. Nuveen Global High Income Fund has a twelve month low of $12.02 and a twelve month high of $13.48. The business’s 50-day moving average is $13.13 and its 200-day moving average is $13.08.

Nuveen Global High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.1035 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.24 annualized dividend and a dividend yield of 9.29%.

Hedge Funds Weigh In On Nuveen Global High Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Avior Wealth Management LLC grew its position in shares of Nuveen Global High Income Fund by 76.0% in the 3rd quarter. Avior Wealth Management LLC now owns 2,279 shares of the company’s stock valued at $30,000 after acquiring an additional 984 shares during the period. Kingsview Wealth Management LLC bought a new position in Nuveen Global High Income Fund during the fourth quarter worth $128,000. International Assets Investment Management LLC increased its holdings in shares of Nuveen Global High Income Fund by 1,238.0% in the third quarter. International Assets Investment Management LLC now owns 12,082 shares of the company’s stock valued at $162,000 after purchasing an additional 11,179 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Nuveen Global High Income Fund in the fourth quarter valued at $164,000. Finally, Apollon Wealth Management LLC bought a new position in shares of Nuveen Global High Income Fund in the fourth quarter valued at about $167,000.

Nuveen Global High Income Fund Company Profile

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.