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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 72,100 shares, a growth of 238.5% from the November 30th total of 21,300 shares. Based on an average daily volume of 103,700 shares, the short-interest ratio is currently 0.7 days.

Nuveen Multi-Asset Income Fund Stock Performance

Nuveen Multi-Asset Income Fund stock traded up $0.11 during trading on Thursday, hitting $12.12. The company’s stock had a trading volume of 181,818 shares, compared to its average volume of 88,873. The stock’s fifty day moving average is $12.56 and its 200 day moving average is $12.78. Nuveen Multi-Asset Income Fund has a 1-year low of $11.63 and a 1-year high of $13.50.

Nuveen Multi-Asset Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.4175 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 13.78%.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 73,350 shares of Nuveen Multi-Asset Income Fund stock in a transaction on Monday, September 30th. The stock was sold at an average price of $13.17, for a total transaction of $966,019.50. Following the completion of the transaction, the insider now owns 4,534,634 shares of the company’s stock, valued at $59,721,129.78. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 518,062 shares of company stock worth $6,681,222.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in Nuveen Multi-Asset Income Fund during the 2nd quarter worth $95,000. Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of Nuveen Multi-Asset Income Fund in the third quarter worth about $161,000. Shaker Financial Services LLC acquired a new position in shares of Nuveen Multi-Asset Income Fund in the second quarter worth about $412,000. Greenleaf Trust purchased a new position in Nuveen Multi-Asset Income Fund in the third quarter valued at about $560,000. Finally, Sanctuary Advisors LLC acquired a new stake in Nuveen Multi-Asset Income Fund during the 2nd quarter valued at approximately $611,000.