Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Update

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 8,721 shares, an increase of 1,669.0% from the May 31st total of 493 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,931 shares, the short-interest ratio is presently 0.5 days.

Nuveen Multi-Market Income Fund Price Performance

Shares of NYSE:JMM traded up $0.01 during midday trading on Friday, reaching $5.84. 3,628 shares of the company were exchanged, compared to its average volume of 12,064. The business’s fifty day moving average is $5.81 and its two-hundred day moving average is $5.96. Nuveen Multi-Market Income Fund has a one year low of $5.67 and a one year high of $6.52.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.029 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in Nuveen Multi-Market Income Fund in the 1st quarter worth approximately $28,000. Advisors Asset Management Inc. grew its holdings in shares of Nuveen Multi-Market Income Fund by 1.2% in the fourth quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock valued at $1,524,000 after purchasing an additional 2,880 shares in the last quarter. Sit Investment Associates Inc. increased its position in Nuveen Multi-Market Income Fund by 1.7% in the fourth quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock worth $34,619,000 after purchasing an additional 96,877 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in Nuveen Multi-Market Income Fund during the fourth quarter valued at $85,000. Finally, Susquehanna International Group LLP grew its stake in shares of Nuveen Multi-Market Income Fund by 119.5% in the 3rd quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock worth $281,000 after buying an additional 24,342 shares in the last quarter. 67.34% of the stock is owned by institutional investors.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.

JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.