Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Down 60.6% in March

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 22,800 shares, a drop of 60.6% from the February 28th total of 57,800 shares. Based on an average daily volume of 130,300 shares, the short-interest ratio is presently 0.2 days.

Insiders Place Their Bets

In other Nuveen Multi-Asset Income Fund news, major shareholder Saba Capital Management, L.P. sold 68,526 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $12.07, for a total transaction of $827,108.82. Following the completion of the transaction, the insider now directly owns 3,634,562 shares in the company, valued at $43,869,163.34. This represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 260,230 shares of company stock worth $3,138,099 over the last quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its holdings in Nuveen Multi-Asset Income Fund by 40.6% during the 4th quarter. Bank of America Corp DE now owns 49,691 shares of the company’s stock valued at $598,000 after purchasing an additional 14,347 shares in the last quarter. Quarry LP bought a new stake in shares of Nuveen Multi-Asset Income Fund during the fourth quarter worth $954,000. Shaker Financial Services LLC increased its stake in shares of Nuveen Multi-Asset Income Fund by 152.4% in the fourth quarter. Shaker Financial Services LLC now owns 193,247 shares of the company’s stock valued at $2,327,000 after buying an additional 116,676 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Nuveen Multi-Asset Income Fund by 4.4% in the fourth quarter. First Trust Advisors LP now owns 64,815 shares of the company’s stock valued at $780,000 after buying an additional 2,734 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in Nuveen Multi-Asset Income Fund by 4.2% during the 4th quarter. NewEdge Advisors LLC now owns 24,984 shares of the company’s stock worth $301,000 after buying an additional 1,009 shares in the last quarter.

Nuveen Multi-Asset Income Fund Stock Down 0.7 %

Shares of NMAI traded down $0.08 during trading hours on Friday, hitting $11.94. The stock had a trading volume of 93,790 shares, compared to its average volume of 103,195. The company’s fifty day moving average is $12.38 and its two-hundred day moving average is $12.54. Nuveen Multi-Asset Income Fund has a 52 week low of $11.63 and a 52 week high of $13.50.

Nuveen Multi-Asset Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a dividend yield of 13.99%. The ex-dividend date of this dividend is Friday, March 14th.