Short Interest in Nuveen Global High Income Fund (NYSE:JGH) Drops By 36.8%

Nuveen Global High Income Fund (NYSE:JGH) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 113,268 shares, a drop of 36.8% from the July 15th total of 179,289 shares. Based on an average daily volume of 125,991 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Nuveen Global High Income Fund

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in shares of Nuveen Global High Income Fund by 27.7% in the first quarter. Royal Bank of Canada now owns 17,809 shares of the company’s stock valued at $218,000 after purchasing an additional 3,868 shares during the period. Gould Asset Management LLC CA raised its stake in shares of Nuveen Global High Income Fund by 11.2% in the first quarter. Gould Asset Management LLC CA now owns 24,621 shares of the company’s stock valued at $301,000 after acquiring an additional 2,480 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Nuveen Global High Income Fund in the first quarter valued at $200,000. Calamos Advisors LLC increased its holdings in Nuveen Global High Income Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 28,104 shares of the company’s stock worth $343,000 after purchasing an additional 3,345 shares during the period. Finally, Fifth Third Bancorp purchased a new position in shares of Nuveen Global High Income Fund in the 1st quarter valued at about $99,000.

Nuveen Global High Income Fund Stock Performance

Shares of NYSE JGH opened at $12.45 on Thursday. The company has a 50 day simple moving average of $12.60 and a two-hundred day simple moving average of $12.63. Nuveen Global High Income Fund has a 12 month low of $11.80 and a 12 month high of $13.70.

Nuveen Global High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.1035 dividend. This represents a c) annualized dividend and a yield of 10.0%. The ex-dividend date is Friday, August 14th.

Nuveen Global High Income Fund Company Profile

Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company that seeks to provide high current income by investing primarily in high-yield debt securities issued by non-U.S. corporations. Established in 2007 and managed by Nuveen Asset Management, the fund offers investors exposure to global credit markets with a focus on higher-yielding instruments. The fund’s strategy aims to balance income generation with diversification across various sectors and geographies outside of the United States.

The fund’s portfolio typically includes a mix of high-yield corporate bonds, bank loans and, from time to time, convertible securities.