Short Interest in Nuveen Multi-Market Income Fund (NYSE:JMM) Drops By 22.9%

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 2,700 shares, a decline of 22.9% from the October 15th total of 3,500 shares. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Nuveen Multi-Market Income Fund

An institutional investor recently bought a new position in Nuveen Multi-Market Income Fund stock. Kovitz Investment Group Partners LLC acquired a new stake in shares of Nuveen Multi-Market Income Fund (NYSE:JMM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 132,087 shares of the company’s stock, valued at approximately $840,000. Kovitz Investment Group Partners LLC owned 1.40% of Nuveen Multi-Market Income Fund at the end of the most recent quarter. Institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Stock Performance

Shares of Nuveen Multi-Market Income Fund stock opened at $6.01 on Friday. The stock’s 50-day moving average is $6.20 and its 200 day moving average is $6.09. Nuveen Multi-Market Income Fund has a one year low of $5.59 and a one year high of $6.47.

Nuveen Multi-Market Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.0275 per share. This represents a $0.33 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Friday, November 15th.

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.