Short Interest in Nuveen Global High Income Fund (NYSE:JGH) Increases By 108.0%

Nuveen Global High Income Fund (NYSE:JGH) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 31,200 shares, an increase of 108.0% from the December 31st total of 15,000 shares. Based on an average daily volume of 49,000 shares, the days-to-cover ratio is presently 0.6 days.

Nuveen Global High Income Fund Stock Performance

Shares of JGH traded up $0.07 on Friday, reaching $13.26. 58,604 shares of the stock traded hands, compared to its average volume of 49,001. Nuveen Global High Income Fund has a 12 month low of $12.02 and a 12 month high of $13.41. The stock’s 50-day moving average price is $13.05 and its 200-day moving average price is $12.98.

Nuveen Global High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.1035 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.24 annualized dividend and a dividend yield of 9.37%.

Institutional Investors Weigh In On Nuveen Global High Income Fund

A number of institutional investors have recently added to or reduced their stakes in JGH. Avior Wealth Management LLC boosted its stake 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 purchasing an additional 984 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Nuveen Global High Income Fund during the 3rd quarter worth approximately $47,000. Kingsview Wealth Management LLC bought a new stake in shares of Nuveen Global High Income Fund during the fourth quarter worth approximately $128,000. International Assets Investment Management LLC grew its holdings in Nuveen Global High Income Fund by 1,238.0% during the 3rd quarter. International Assets Investment Management LLC now owns 12,082 shares of the company’s stock worth $162,000 after acquiring an additional 11,179 shares during the period. Finally, Apollon Wealth Management LLC bought a new stake in shares of Nuveen Global High Income Fund during the 4th quarter valued at $167,000.

About Nuveen Global High Income Fund

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.