Short Interest in Nuveen Multi-Market Income Fund (NYSE:JMM) Expands By 93.2%

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 15,843 shares, a growth of 93.2% from the August 15th total of 8,202 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 10,368 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of JMM. Susquehanna International Group LLP grew its position in shares of Nuveen Multi-Market Income Fund by 16.2% in the 2nd quarter. Susquehanna International Group LLP now owns 28,650 shares of the company’s stock worth $168,000 after acquiring an additional 3,987 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Nuveen Multi-Market Income Fund during the 1st quarter valued at approximately $28,000. Finally, Sit Investment Associates Inc. raised its position in shares of Nuveen Multi-Market Income Fund by 1.7% during the 4th quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock valued at $34,619,000 after acquiring an additional 96,877 shares in the last quarter. Institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Stock Performance

Shares of JMM stock traded down $0.01 during trading hours on Tuesday, hitting $5.58. 12,768 shares of the company were exchanged, compared to its average volume of 8,721. Nuveen Multi-Market Income Fund has a one year low of $5.55 and a one year high of $6.45. The business’s 50-day simple moving average is $5.79 and its two-hundred day simple moving average is $5.84.

Nuveen Multi-Market Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.029 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.2%.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.

JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.