Nuveen Multi-Market Income Fund (NYSE:JMM) Sees Large Decrease in Short Interest

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 4,100 shares, a decline of 54.9% from the February 28th total of 9,100 shares. Based on an average trading volume of 3,700 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

A number of large investors have recently added to or reduced their stakes in JMM. Sit Investment Associates Inc. increased its holdings in Nuveen Multi-Market Income Fund by 3.6% in the fourth quarter. Sit Investment Associates Inc. now owns 5,575,283 shares of the company’s stock valued at $33,730,000 after buying an additional 192,829 shares during the last quarter. 1607 Capital Partners LLC increased its holdings in shares of Nuveen Multi-Market Income Fund by 1.7% in the 4th quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company’s stock valued at $3,176,000 after acquiring an additional 8,850 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Nuveen Multi-Market Income Fund during the 3rd quarter valued at approximately $840,000. Aviance Capital Partners LLC lifted its stake in Nuveen Multi-Market Income Fund by 22.5% during the fourth quarter. Aviance Capital Partners LLC now owns 106,618 shares of the company’s stock worth $645,000 after purchasing an additional 19,560 shares during the last quarter. Finally, Transform Wealth LLC acquired a new position in Nuveen Multi-Market Income Fund in the fourth quarter worth $326,000. 67.34% of the stock is owned by institutional investors and hedge funds.

Nuveen Multi-Market Income Fund Stock Down 4.1 %

NYSE JMM traded down $0.27 on Friday, reaching $6.19. The company had a trading volume of 22,897 shares, compared to its average volume of 6,232. Nuveen Multi-Market Income Fund has a 1 year low of $5.78 and a 1 year high of $6.47. The firm has a 50-day moving average of $6.14 and a 200-day moving average of $6.13.

Nuveen Multi-Market Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.029 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.35 annualized dividend and a dividend yield of 5.63%.

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.