Nuveen Multi-Asset Income Fund (NYSE:NMAI) Stock Short Interest Report for October

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 81,675 shares, a drop of 53.9% from the September 30th total of 177,072 shares. Based on an average daily trading volume, of 160,341 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NMAI. Bank of America Corp DE lifted its position in shares of Nuveen Multi-Asset Income Fund by 25.0% during the first quarter. Bank of America Corp DE now owns 87,162 shares of the company’s stock worth $1,081,000 after purchasing an additional 17,407 shares during the last quarter. Royal Bank of Canada increased its holdings in Nuveen Multi-Asset Income Fund by 23.1% during the 1st quarter. Royal Bank of Canada now owns 240,191 shares of the company’s stock worth $2,978,000 after purchasing an additional 45,075 shares during the period. Cetera Investment Advisers raised its position in Nuveen Multi-Asset Income Fund by 42.7% during the 1st quarter. Cetera Investment Advisers now owns 138,811 shares of the company’s stock valued at $1,721,000 after purchasing an additional 41,566 shares in the last quarter. First Trust Advisors LP raised its position in Nuveen Multi-Asset Income Fund by 5.3% during the 1st quarter. First Trust Advisors LP now owns 112,821 shares of the company’s stock valued at $1,399,000 after purchasing an additional 5,708 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in shares of Nuveen Multi-Asset Income Fund in the 1st quarter worth $41,000.

Nuveen Multi-Asset Income Fund Stock Down 1.4%

NMAI stock traded down $0.19 during trading on Friday, reaching $13.65. The stock had a trading volume of 174,497 shares, compared to its average volume of 110,966. Nuveen Multi-Asset Income Fund has a 52 week low of $11.99 and a 52 week high of $15.06. The stock’s 50 day moving average is $14.01 and its two-hundred day moving average is $13.74.

Nuveen Multi-Asset Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.1160 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 10.2%.

Nuveen Multi-Asset Income Fund (NYSE:NMAI) is a closed-end investment fund managed by Nuveen. The fund seeks to provide investors with a high level of current income and total return by investing across multiple asset classes rather than focusing on a single type of security.

The fund may allocate its portfolio among global fixed-income securities, equity securities, preferred securities, real estate-related investments and other income-producing assets. Its flexible, multi-asset approach is designed to give the investment team the ability to adjust exposures as market conditions, interest rates and economic trends change.

NMAI is advised by Nuveen Fund Advisors and benefits from the broader investment resources of Nuveen, an asset-management firm serving institutional and individual investors.