Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Down 41.8% in August

by · The Cerbat Gem

Nuveen Multi-Asset Income Fund (NYSE:NMAI – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 106,666 shares, a decrease of 41.8% from the August 15th total of 183,217 shares. Based on an average daily trading volume, of 77,144 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund

A number of large investors have recently added to or reduced their stakes in NMAI. Cassaday & Co Wealth Management LLC bought a new position in shares of Nuveen Multi-Asset Income Fund in the first quarter valued at approximately $31,000. Fifth Third Bancorp bought a new stake in shares of Nuveen Multi-Asset Income Fund during the 1st quarter worth $41,000. Allworth Financial LP bought a new stake in shares of Nuveen Multi-Asset Income Fund during the 2nd quarter worth $64,000. Waverly Advisors LLC acquired a new position in Nuveen Multi-Asset Income Fund in the 1st quarter valued at $133,000. Finally, Kestra Private Wealth Services LLC acquired a new position in Nuveen Multi-Asset Income Fund in the 1st quarter valued at $169,000.

Nuveen Multi-Asset Income Fund Stock Performance

NYSE NMAI opened at $13.87 on Friday. Nuveen Multi-Asset Income Fund has a fifty-two week low of $11.99 and a fifty-two week high of $15.06. The stock’s 50-day moving average is $14.25 and its two-hundred day moving average is $13.77.

Nuveen Multi-Asset Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.116 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end investment fund managed by Nuveen, a global asset manager and subsidiary of TIAA. The fund is listed on the New York Stock Exchange and seeks to provide investors with high current income and the potential for capital appreciation. Nuveen Multi-Asset Income Fund employs an actively managed, diversified approach across multiple asset classes, leveraging Nuveen’s extensive research and portfolio management infrastructure.

The fund’s investment strategy centers on allocating assets among a broad range of income-producing instruments.

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