Nuveen Global High Income Fund (NYSE:JGH) Sees Significant Increase in Short Interest

by · The Markets Daily

Nuveen Global High Income Fund (NYSE:JGH – Get Free Report) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 110,876 shares, a growth of 119.7% from the May 14th total of 50,478 shares. Based on an average daily volume of 114,962 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in Nuveen Global High Income Fund by 27.7% in the 1st quarter. Royal Bank of Canada now owns 17,809 shares of the company’s stock valued at $218,000 after acquiring an additional 3,868 shares during the period. Gould Asset Management LLC CA raised its holdings in Nuveen Global High Income Fund by 11.2% in the 1st quarter. Gould Asset Management LLC CA now owns 24,621 shares of the company’s stock valued at $301,000 after acquiring an additional 2,480 shares during the period. Bank of New York Mellon Corp bought a new position in Nuveen Global High Income Fund in the 1st quarter valued at about $200,000. Calamos Advisors LLC raised its holdings in Nuveen Global High Income Fund by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 28,104 shares of the company’s stock valued at $343,000 after acquiring an additional 3,345 shares during the period. Finally, Fifth Third Bancorp bought a new position in Nuveen Global High Income Fund in the 1st quarter valued at about $99,000.

Nuveen Global High Income Fund Trading Down 0.3%

Shares of NYSE:JGH opened at $12.92 on Monday. Nuveen Global High Income Fund has a 52-week low of $11.80 and a 52-week high of $13.70. The company has a 50-day simple moving average of $12.67 and a 200 day simple moving average of $12.64.

Nuveen Global High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.1035 dividend. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend is Monday, June 15th.

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.

Featured Stories