Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Down 47.1% in May

Nuveen Multi-Market Income Fund (NYSE:JMM) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,477 shares, a drop of 47.1% from the April 30th total of 2,791 shares. Based on an average daily volume of 10,491 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Nuveen Multi-Market Income Fund in the 2nd quarter valued at about $30,000. Fifth Third Bancorp acquired a new stake in Nuveen Multi-Market Income Fund in the 1st quarter valued at about $28,000. Wolverine Asset Management LLC acquired a new stake in Nuveen Multi-Market Income Fund in the 4th quarter valued at about $85,000. Stratos Wealth Partners LTD. lifted its stake in Nuveen Multi-Market Income Fund by 32.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 34,843 shares of the company’s stock valued at $219,000 after purchasing an additional 8,580 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its stake in Nuveen Multi-Market Income Fund by 119.5% in the 3rd quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock valued at $281,000 after purchasing an additional 24,342 shares during the last quarter. 67.34% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Multi-Market Income Fund Trading Down 0.1%

NYSE:JMM traded down $0.01 during mid-day trading on Monday, hitting $5.82. The stock had a trading volume of 3,769 shares, compared to its average volume of 8,741. Nuveen Multi-Market Income Fund has a twelve month low of $5.67 and a twelve month high of $6.52. The company’s 50 day simple moving average is $5.84 and its 200 day simple moving average is $6.01.

Nuveen Multi-Market Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.029 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Friday, May 15th.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.

JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.