Nuveen Global High Income Fund (NYSE:JGH) Short Interest Update
by Michael Walen · The Markets DailyNuveen Global High Income Fund (NYSE:JGH – Get Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 113,268 shares, a decrease of 36.8% from the July 15th total of 179,289 shares. Based on an average trading volume of 125,991 shares, the short-interest ratio is currently 0.9 days.
Institutional Investors Weigh In On Nuveen Global High Income Fund
Large investors have recently bought and sold shares of the company. Invesco Ltd. increased its holdings in Nuveen Global High Income Fund by 9.4% in the 2nd quarter. Invesco Ltd. now owns 463,597 shares of the company’s stock worth $5,994,000 after buying an additional 39,824 shares during the period. Raymond James Financial Inc. lifted its stake in Nuveen Global High Income Fund by 8.7% during the 2nd quarter. Raymond James Financial Inc. now owns 170,447 shares of the company’s stock valued at $2,204,000 after acquiring an additional 13,595 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Nuveen Global High Income Fund by 4.4% in the 2nd quarter. Osaic Holdings Inc. now owns 33,131 shares of the company’s stock valued at $428,000 after acquiring an additional 1,388 shares during the last quarter. Comerica Bank boosted its holdings in shares of Nuveen Global High Income Fund by 38.2% in the 3rd quarter. Comerica Bank now owns 7,137 shares of the company’s stock valued at $96,000 after acquiring an additional 1,974 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Nuveen Global High Income Fund by 22.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 19,375 shares of the company’s stock valued at $262,000 after acquiring an additional 3,497 shares during the last quarter.
Nuveen Global High Income Fund Stock Performance
JGH stock traded down $0.06 during midday trading on Tuesday, reaching $12.46. The stock had a trading volume of 57,835 shares, compared to its average volume of 93,996. The firm has a fifty day simple moving average of $12.62 and a two-hundred day simple moving average of $12.63. Nuveen Global High Income Fund has a 52-week low of $11.80 and a 52-week high of $13.70.
Nuveen Global High Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.1035 dividend. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Friday, August 14th.
About Nuveen Global High Income Fund
Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company that seeks to provide high current income by investing primarily in high-yield debt securities issued by non-U.S. corporations. Established in 2007 and managed by Nuveen Asset Management, the fund offers investors exposure to global credit markets with a focus on higher-yielding instruments. The fund’s strategy aims to balance income generation with diversification across various sectors and geographies outside of the United States.
The fund’s portfolio typically includes a mix of high-yield corporate bonds, bank loans and, from time to time, convertible securities.