Nuveen Multi-Asset Income Fund (NYSE:NMAI – Get Free Report) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 149,600 shares, an increase of 54.9% from the August 31st total of 96,600 shares. Based on an average daily volume of 113,300 shares, the days-to-cover ratio is currently 1.3 days.
Nuveen Multi-Asset Income Fund Trading Up 0.1 %
NYSE NMAI opened at $13.14 on Friday. Nuveen Multi-Asset Income Fund has a 12 month low of $10.60 and a 12 month high of $13.50. The company’s 50 day simple moving average is $13.13 and its 200 day simple moving average is $12.55.
Nuveen Multi-Asset Income Fund Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a $0.4175 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.67 annualized dividend and a dividend yield of 12.71%. This is a boost from Nuveen Multi-Asset Income Fund’s previous quarterly dividend of $0.42.
Insider Activity
Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in shares of Nuveen Multi-Asset Income Fund in the 2nd quarter worth $95,000. Koshinski Asset Management Inc. purchased a new position in Nuveen Multi-Asset Income Fund in the 1st quarter worth about $180,000. Cetera Advisors LLC acquired a new stake in Nuveen Multi-Asset Income Fund during the 1st quarter worth about $303,000. Shaker Financial Services LLC purchased a new stake in Nuveen Multi-Asset Income Fund during the second quarter valued at about $412,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Nuveen Multi-Asset Income Fund in the second quarter worth about $611,000.
Further Reading
- Five stocks we like better than Nuveen Multi-Asset Income Fund
- How Can Investors Benefit From After-Hours Trading
- MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy?
- Election Stocks: How Elections Affect the Stock Market
- What Intuitive Machines’ Big NASA Contract Means for Investors
- Consumer Discretionary Stocks Explained
- REITs on the Rise After Rate Cuts: Where to Invest Now
Receive News & Ratings for Nuveen Multi-Asset Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Multi-Asset Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.