Nuveen Multi-Market Income Fund (NYSE:JMM) Stock Short Interest Report for September

by · The Markets Daily

Nuveen Multi-Market Income Fund (NYSE:JMM – Get Free Report) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 9,715 shares, a drop of 44.3% from the September 15th total of 17,440 shares. Based on an average daily volume of 10,471 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the company’s shares are short sold.

Nuveen Multi-Market Income Fund Price Performance

Nuveen Multi-Market Income Fund stock traded down $0.02 during trading hours on Friday, reaching $5.59. The stock had a trading volume of 8,273 shares, compared to its average volume of 8,823. The company has a fifty day simple moving average of $5.68 and a 200-day simple moving average of $5.78. Nuveen Multi-Market Income Fund has a 52 week low of $5.31 and a 52 week high of $6.37.

Nuveen Multi-Market Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a $0.0290 dividend. This represents a $0.35 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Thursday, October 15th.

Institutional Trading of Nuveen Multi-Market Income Fund

A number of hedge funds have recently made changes to their positions in JMM. Susquehanna International Group LLP increased its holdings in shares of Nuveen Multi-Market Income Fund by 16.2% during the second quarter. Susquehanna International Group LLP now owns 28,650 shares of the company’s stock valued at $168,000 after acquiring an additional 3,987 shares in the last quarter. Shaker Financial Services LLC purchased a new position in shares of Nuveen Multi-Market Income Fund in the 3rd quarter worth about $74,000. Finally, Fifth Third Bancorp purchased a new position in shares of Nuveen Multi-Market Income Fund in the 1st quarter worth about $28,000. 67.34% of the stock is owned by institutional investors.

Nuveen Multi-Market Income Fund Company Profile

(Get Free Report)

Nuveen Multi-Market Income Fund (NYSE:JMM) is a closed-end investment company managed by Nuveen, an asset manager specializing in income-oriented and other investment strategies. The fund’s primary objective is to provide a high level of current income, with capital appreciation as a secondary objective.

To pursue its objectives, the fund invests in a diversified portfolio of fixed-income securities and other debt-related investments. Its holdings may include corporate bonds, government and sovereign debt, mortgage-backed securities, asset-backed securities, and other income-producing instruments.

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