Nuveen Global High Income Fund (NYSE:JGH) Sees Significant Growth in Short Interest

Nuveen Global High Income Fund (NYSE:JGH) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 21,599 shares, an increase of 187.0% from the December 31st total of 7,527 shares. Based on an average daily trading volume, of 141,593 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 141,593 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp purchased a new position in Nuveen Global High Income Fund in the 3rd quarter valued at about $25,000. Newbridge Financial Services Group Inc. acquired a new position in Nuveen Global High Income Fund during the second quarter worth $78,000. Comerica Bank boosted its stake in shares of Nuveen Global High Income Fund by 38.2% in the third quarter. Comerica Bank now owns 7,137 shares of the company’s stock valued at $96,000 after purchasing an additional 1,974 shares during the period. Ameritas Advisory Services LLC purchased a new position in Nuveen Global High Income Fund in the second quarter valued at $105,000. Finally, Tyche Wealth Partners LLC purchased a new position in Nuveen Global High Income Fund in the second quarter worth approximately $143,000.

Nuveen Global High Income Fund Price Performance

Shares of NYSE JGH opened at $12.91 on Friday. The business’s 50 day moving average is $12.62 and its two-hundred day moving average is $13.00. Nuveen Global High Income Fund has a 1-year low of $10.51 and a 1-year high of $13.70.

Nuveen Global High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be given a $0.1035 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%.

Nuveen Global High Income Fund Company Profile

Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company that seeks to provide high current income by investing primarily in high-yield debt securities issued by non-U.S. corporations. Established in 2007 and managed by Nuveen Asset Management, the fund offers investors exposure to global credit markets with a focus on higher-yielding instruments. The fund’s strategy aims to balance income generation with diversification across various sectors and geographies outside of the United States.

The fund’s portfolio typically includes a mix of high-yield corporate bonds, bank loans and, from time to time, convertible securities.