Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Update

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 38,886 shares, a drop of 40.0% from the November 30th total of 64,768 shares. Based on an average daily trading volume, of 146,160 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 146,160 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

A number of institutional investors have recently modified their holdings of the business. Allworth Financial LP lifted its position in shares of Nuveen Multi-Asset Income Fund by 412.7% during the 2nd quarter. Allworth Financial LP now owns 2,512 shares of the company’s stock worth $32,000 after buying an additional 2,022 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Nuveen Multi-Asset Income Fund during the third quarter worth about $40,000. FNY Investment Advisers LLC lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 43.3% in the second quarter. FNY Investment Advisers LLC now owns 4,300 shares of the company’s stock worth $54,000 after acquiring an additional 1,300 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Nuveen Multi-Asset Income Fund in the 2nd quarter valued at approximately $135,000. Finally, Capital Market Strategies LLC bought a new stake in shares of Nuveen Multi-Asset Income Fund during the 2nd quarter valued at approximately $146,000.

Nuveen Multi-Asset Income Fund Stock Performance

Shares of Nuveen Multi-Asset Income Fund stock traded up $0.06 on Friday, reaching $13.02. 55,585 shares of the stock were exchanged, compared to its average volume of 110,430. The firm’s 50 day moving average is $13.04 and its 200-day moving average is $12.82. Nuveen Multi-Asset Income Fund has a one year low of $10.21 and a one year high of $13.39.

Nuveen Multi-Asset Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.116 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend is Monday, December 15th.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end investment fund managed by Nuveen, a global asset manager and subsidiary of TIAA. The fund is listed on the New York Stock Exchange and seeks to provide investors with high current income and the potential for capital appreciation. Nuveen Multi-Asset Income Fund employs an actively managed, diversified approach across multiple asset classes, leveraging Nuveen’s extensive research and portfolio management infrastructure.

The fund’s investment strategy centers on allocating assets among a broad range of income-producing instruments.