Nuveen Multi-Market Income Fund (NYSE:JMM) Sees Large Drop in Short Interest

by · The Cerbat Gem

Nuveen Multi-Market Income Fund (NYSE:JMM – Get Free Report) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 271 shares, a drop of 83.8% from the December 15th total of 1,675 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 15,930 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 15,930 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Nuveen Multi-Market Income Fund Stock Performance

JMM stock traded up $0.05 during trading hours on Monday, hitting $6.06. The company’s stock had a trading volume of 1,591 shares, compared to its average volume of 12,245. The stock has a 50 day moving average price of $6.09 and a two-hundred day moving average price of $6.24. Nuveen Multi-Market Income Fund has a 12 month low of $5.68 and a 12 month high of $6.52.

Nuveen Multi-Market Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be issued a $0.029 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 5.7%.

Institutional Trading of Nuveen Multi-Market Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. increased its holdings in shares of Nuveen Multi-Market Income Fund by 37.6% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 26,263 shares of the company’s stock valued at $165,000 after acquiring an additional 7,174 shares during the last quarter. Aviance Capital Partners LLC boosted its position in Nuveen Multi-Market Income Fund by 2.0% during the second quarter. Aviance Capital Partners LLC now owns 115,719 shares of the company’s stock worth $727,000 after purchasing an additional 2,299 shares during the period. Advisors Asset Management Inc. acquired a new position in Nuveen Multi-Market Income Fund during the second quarter valued at approximately $647,000. M Holdings Securities Inc. acquired a new position in Nuveen Multi-Market Income Fund during the second quarter valued at approximately $230,000. Finally, Seven Mile Advisory bought a new position in shares of Nuveen Multi-Market Income Fund in the third quarter valued at approximately $558,000. Institutional investors and hedge funds own 67.34% of the company’s stock.

About Nuveen Multi-Market Income Fund

(Get Free Report)

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.

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