Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Update

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 7,400 shares, a growth of 64.4% from the March 15th total of 4,500 shares. Based on an average daily trading volume, of 15,500 shares, the days-to-cover ratio is presently 0.5 days.

Nuveen Multi-Market Income Fund Stock Performance

NYSE:JMM opened at $5.91 on Friday. The stock’s 50 day moving average price is $6.00 and its 200 day moving average price is $5.81. Nuveen Multi-Market Income Fund has a 52-week low of $5.29 and a 52-week high of $6.12.

Nuveen Multi-Market Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a dividend of $0.0275 per share. The ex-dividend date is Friday, April 12th. This represents a $0.33 dividend on an annualized basis and a yield of 5.59%.

Institutional Trading of Nuveen Multi-Market Income Fund

A number of hedge funds have recently added to or reduced their stakes in JMM. Waverly Advisors LLC acquired a new stake in Nuveen Multi-Market Income Fund during the 1st quarter worth approximately $149,000. BCK Partners Inc. acquired a new stake in Nuveen Multi-Market Income Fund during the 1st quarter worth approximately $166,000. Transform Wealth LLC lifted its position in Nuveen Multi-Market Income Fund by 46.6% during the 4th quarter. Transform Wealth LLC now owns 38,477 shares of the company’s stock worth $227,000 after acquiring an additional 12,233 shares during the period. Susquehanna International Group LLP lifted its position in Nuveen Multi-Market Income Fund by 30.3% during the 4th quarter. Susquehanna International Group LLP now owns 25,403 shares of the company’s stock worth $149,000 after acquiring an additional 5,910 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Nuveen Multi-Market Income Fund by 31.7% during the 4th quarter. Wells Fargo & Company MN now owns 8,233 shares of the company’s stock worth $48,000 after acquiring an additional 1,982 shares during the period. 67.34% of the stock is owned by institutional investors and hedge funds.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.