Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Down 22.9% in October

Nuveen Multi-Market Income Fund (NYSE:JMM) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 2,700 shares, a decline of 22.9% from the October 15th total of 3,500 shares. Based on an average daily volume of 8,800 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

A hedge fund recently bought a new stake in Nuveen Multi-Market Income Fund stock. Kovitz Investment Group Partners LLC purchased a new stake in shares of Nuveen Multi-Market Income Fund (NYSE:JMM) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 132,087 shares of the company’s stock, valued at approximately $840,000. Kovitz Investment Group Partners LLC owned approximately 1.40% of Nuveen Multi-Market Income Fund at the end of the most recent reporting period. Institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Price Performance

Shares of JMM opened at $6.01 on Friday. Nuveen Multi-Market Income Fund has a 52 week low of $5.59 and a 52 week high of $6.47. The stock has a 50 day moving average price of $6.20 and a two-hundred day moving average price of $6.09.

Nuveen Multi-Market Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.0275 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Friday, November 15th.

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.