Nuveen Emerging Markets Debt 2022 Target Term Fund (NYSE:JEMD) Short Interest Up 26.1% in May

Posted by on Jun 17th, 2022

Nuveen Emerging Markets Debt 2022 Target Term Fund (NYSE:JEMD – Get Rating) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 2,900 shares, a growth of 26.1% from the May 15th total of 2,300 shares. Based on an average daily trading volume, of 45,700 shares, the days-to-cover ratio is presently 0.1 days.

NYSE:JEMD opened at $6.77 on Friday. Nuveen Emerging Markets Debt 2022 Target Term Fund has a 1 year low of $6.61 and a 1 year high of $8.25. The stock has a 50-day simple moving average of $6.93 and a 200-day simple moving average of $7.20.

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.023 per share. This represents a $0.28 annualized dividend and a yield of 4.08%. The ex-dividend date is Tuesday, June 14th.

A number of institutional investors and hedge funds have recently bought and sold shares of JEMD. Morgan Stanley raised its stake in shares of Nuveen Emerging Markets Debt 2022 Target Term Fund by 3.5% during the 3rd quarter. Morgan Stanley now owns 932,831 shares of the company’s stock worth $7,453,000 after buying an additional 31,873 shares in the last quarter. Icon Advisers Inc. Co. boosted its holdings in shares of Nuveen Emerging Markets Debt 2022 Target Term Fund by 77.9% during the first quarter. Icon Advisers Inc. Co. now owns 351,040 shares of the company’s stock worth $2,457,000 after purchasing an additional 153,706 shares during the last quarter. Advisor Group Holdings Inc. raised its position in shares of Nuveen Emerging Markets Debt 2022 Target Term Fund by 17.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 198,901 shares of the company’s stock worth $1,506,000 after buying an additional 29,693 shares during the period. Shaker Financial Services LLC raised its position in shares of Nuveen Emerging Markets Debt 2022 Target Term Fund by 5.4% in the 1st quarter. Shaker Financial Services LLC now owns 169,301 shares of the company’s stock worth $1,185,000 after buying an additional 8,711 shares during the period. Finally, Bank of America Corp DE raised its position in Nuveen Emerging Markets Debt 2022 Target Term Fund by 13.4% in the first quarter. Bank of America Corp DE now owns 151,468 shares of the company’s stock valued at $1,060,000 after purchasing an additional 17,841 shares during the period.

About Nuveen Emerging Markets Debt 2022 Target Term Fund (Get Rating)

Nuveen Emerging Markets Debt 2022 Target Term Fund seeks to provide a high level of current income and return the original $9.85 net asset value per common share on or about 1 Dec 2022.*

The Fund invests at least 80% of its Managed Assets in emerging market debt securities and may invest without limit in investment grade securities and securities rated below investment grade.

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