Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Up 129.6% in July

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 59,854 shares, a growth of 129.6% from the June 30th total of 26,070 shares. Based on an average daily trading volume, of 99,129 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NMAI. Royal Bank of Canada raised its stake in shares of Nuveen Multi-Asset Income Fund by 189.8% during the 1st quarter. Royal Bank of Canada now owns 98,778 shares of the company’s stock worth $1,187,000 after purchasing an additional 64,693 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Nuveen Multi-Asset Income Fund by 10.7% during the first quarter. NewEdge Advisors LLC now owns 27,650 shares of the company’s stock worth $332,000 after buying an additional 2,666 shares during the last quarter. Jane Street Group LLC acquired a new position in Nuveen Multi-Asset Income Fund during the first quarter worth $407,000. JPMorgan Chase & Co. raised its position in Nuveen Multi-Asset Income Fund by 3,324.0% during the second quarter. JPMorgan Chase & Co. now owns 46,224 shares of the company’s stock worth $584,000 after acquiring an additional 44,874 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Nuveen Multi-Asset Income Fund by 17.7% during the second quarter. First Trust Advisors LP now owns 77,342 shares of the company’s stock worth $977,000 after acquiring an additional 11,607 shares in the last quarter.

Nuveen Multi-Asset Income Fund Price Performance

Shares of NYSE NMAI traded down $0.05 during mid-day trading on Tuesday, hitting $13.69. The company had a trading volume of 5,389 shares, compared to its average volume of 116,420. The firm has a 50-day simple moving average of $13.90 and a two-hundred day simple moving average of $13.54. Nuveen Multi-Asset Income Fund has a one year low of $11.99 and a one year high of $14.38.

Nuveen Multi-Asset Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be given a dividend of $0.116 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 10.2%.

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.