Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Up 207.3% in March

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 12,600 shares, an increase of 207.3% from the March 15th total of 4,100 shares. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Trading of Nuveen Multi-Market Income Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in shares of Nuveen Multi-Market Income Fund by 50.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,456 shares of the company’s stock worth $63,000 after buying an additional 3,506 shares during the period. Transform Wealth LLC acquired a new position in Nuveen Multi-Market Income Fund during the 4th quarter worth approximately $326,000. Aviance Capital Partners LLC boosted its holdings in Nuveen Multi-Market Income Fund by 22.5% in the 4th quarter. Aviance Capital Partners LLC now owns 106,618 shares of the company’s stock worth $645,000 after acquiring an additional 19,560 shares during the period. 1607 Capital Partners LLC grew its position in Nuveen Multi-Market Income Fund by 1.7% in the fourth quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company’s stock valued at $3,176,000 after acquiring an additional 8,850 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its stake in shares of Nuveen Multi-Market Income Fund by 3.6% during the fourth quarter. Sit Investment Associates Inc. now owns 5,575,283 shares of the company’s stock valued at $33,730,000 after purchasing an additional 192,829 shares during the period. 67.34% of the stock is owned by hedge funds and other institutional investors.

Nuveen Multi-Market Income Fund Stock Performance

Shares of NYSE JMM traded down $0.01 during midday trading on Wednesday, hitting $5.91. The stock had a trading volume of 1,636 shares, compared to its average volume of 6,571. The company has a fifty day moving average price of $6.12 and a 200 day moving average price of $6.10. Nuveen Multi-Market Income Fund has a 1-year low of $5.68 and a 1-year high of $6.47.

Nuveen Multi-Market Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.029 dividend. This represents a $0.35 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Tuesday, April 15th.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.