Short Interest in Nuveen Multi-Asset Income Fund (NYSE:NMAI) Drops By 43.0%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 13,000 shares, a drop of 43.0% from the March 15th total of 22,800 shares. Based on an average trading volume of 126,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Nuveen Multi-Asset Income Fund

A number of hedge funds have recently added to or reduced their stakes in NMAI. Absolute Investment Advisers LLC purchased a new position in Nuveen Multi-Asset Income Fund in the 4th quarter valued at $2,474,000. Shaker Financial Services LLC lifted its stake 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 worth $2,327,000 after acquiring an additional 116,676 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Nuveen Multi-Asset Income Fund in the 4th quarter worth $1,033,000. Quarry LP purchased a new stake in shares of Nuveen Multi-Asset Income Fund in the fourth quarter valued at about $954,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Nuveen Multi-Asset Income Fund during the fourth quarter worth about $749,000.

Nuveen Multi-Asset Income Fund Trading Up 1.3 %

NMAI stock opened at $11.52 on Friday. The company has a fifty day moving average price of $12.06 and a 200 day moving average price of $12.34. Nuveen Multi-Asset Income Fund has a 12 month low of $10.21 and a 12 month high of $13.50.

Nuveen Multi-Asset Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a dividend of $0.4175 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 14.50%. The ex-dividend date was Friday, March 14th.