Nuveen Global High Income Fund (NYSE:JGH) Short Interest Down 88.4% in December

by · The Cerbat Gem

Nuveen Global High Income Fund (NYSE:JGH – Get Free Report) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 7,527 shares, a decline of 88.4% from the December 15th total of 64,972 shares. Based on an average daily volume of 119,473 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 119,473 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Nuveen Global High Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp purchased a new stake in Nuveen Global High Income Fund during the 3rd quarter valued at $25,000. Newbridge Financial Services Group Inc. bought a new position in shares of Nuveen Global High Income Fund during the second quarter valued at $78,000. Comerica Bank lifted its holdings in shares of Nuveen Global High Income Fund by 38.2% during the third quarter. Comerica Bank now owns 7,137 shares of the company’s stock valued at $96,000 after purchasing an additional 1,974 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Nuveen Global High Income Fund during the second quarter valued at $105,000. Finally, Tyche Wealth Partners LLC bought a new stake in Nuveen Global High Income Fund in the 2nd quarter worth about $143,000.

Nuveen Global High Income Fund Stock Performance

JGH stock traded up $0.09 during trading on Monday, hitting $12.86. 146,799 shares of the stock traded hands, compared to its average volume of 126,271. Nuveen Global High Income Fund has a 1 year low of $10.51 and a 1 year high of $13.70. The firm’s 50 day moving average is $12.58 and its two-hundred day moving average is $13.03.

Nuveen Global High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.1035 per share. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%.

Nuveen Global High Income Fund Company Profile

(Get Free Report)

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.

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