Nuveen Multi-Market Income Fund (NYSE:JMM) Sees Large Increase in Short Interest

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 4,900 shares, a growth of 172.2% from the May 31st total of 1,800 shares. Based on an average daily trading volume, of 6,200 shares, the days-to-cover ratio is presently 0.8 days.

Nuveen Multi-Market Income Fund Trading Up 0.7 %

Shares of JMM stock traded up $0.04 during mid-day trading on Friday, reaching $5.97. The stock had a trading volume of 22,141 shares, compared to its average volume of 11,221. Nuveen Multi-Market Income Fund has a 12-month low of $5.29 and a 12-month high of $6.12. The business has a 50-day simple moving average of $5.93 and a 200 day simple moving average of $5.94.

Nuveen Multi-Market Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.0275 per share. The ex-dividend date is Friday, June 14th. This represents a $0.33 annualized dividend and a yield of 5.53%.

Nuveen Multi-Market Income Fund Company Profile

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.