Nuveen Multi-Asset Income Fund (NYSE:NMAI) Stock Short Interest Jumps 76.8%

by · The Markets Daily

Nuveen Multi-Asset Income Fund (NYSE:NMAI – Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 188,608 shares, an increase of 76.8% from the August 31st total of 106,666 shares. Based on an average daily trading volume, of 89,323 shares, the short-interest ratio is currently 2.1 days.

Nuveen Multi-Asset Income Fund Trading Up 1.6%

Nuveen Multi-Asset Income Fund stock traded up $0.23 during midday trading on Tuesday, hitting $14.23. The stock had a trading volume of 96,160 shares, compared to its average volume of 109,483. Nuveen Multi-Asset Income Fund has a 52-week low of $11.99 and a 52-week high of $15.06. The firm’s fifty day moving average is $14.27 and its two-hundred day moving average is $13.81.

Nuveen Multi-Asset Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.1160 per share. This represents a $1.39 annualized dividend and a dividend yield of 9.8%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in Nuveen Multi-Asset Income Fund by 23.1% during the first quarter. Royal Bank of Canada now owns 240,191 shares of the company’s stock valued at $2,978,000 after acquiring an additional 45,075 shares during the period. Cetera Investment Advisers grew its position in shares of Nuveen Multi-Asset Income Fund by 42.7% during the first quarter. Cetera Investment Advisers now owns 138,811 shares of the company’s stock worth $1,721,000 after purchasing an additional 41,566 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of Nuveen Multi-Asset Income Fund by 0.6% during the first quarter. D.A. Davidson & CO. now owns 131,230 shares of the company’s stock worth $1,627,000 after purchasing an additional 730 shares in the last quarter. First Trust Advisors LP raised its stake in Nuveen Multi-Asset Income Fund by 5.3% during the 1st quarter. First Trust Advisors LP now owns 112,821 shares of the company’s stock valued at $1,399,000 after purchasing an additional 5,708 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its stake in Nuveen Multi-Asset Income Fund by 91.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 96,340 shares of the company’s stock valued at $1,365,000 after purchasing an additional 45,899 shares during the period.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end management investment company advised by Nuveen Asset Management, LLC. The fund seeks to provide a high level of current income while also pursuing total return through a diversified, multi-asset investment strategy.

NMAI invests across a range of income-producing securities and asset classes, which may include corporate and government bonds, high-yield debt, preferred securities, convertible securities, mortgage-related investments and dividend-paying equities.

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