Nuveen Multi-Market Income Fund (NYSE:JMM) Sees Significant Decrease in Short Interest

Nuveen Multi-Market Income Fund (NYSE:JMM) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 9,715 shares, a decrease of 44.3% from the September 15th total of 17,440 shares. Based on an average daily trading volume, of 10,471 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JMM. Susquehanna International Group LLP increased its position in shares of Nuveen Multi-Market Income Fund by 16.2% during the 2nd quarter. Susquehanna International Group LLP now owns 28,650 shares of the company’s stock worth $168,000 after purchasing an additional 3,987 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Nuveen Multi-Market Income Fund in the 1st quarter valued at about $28,000. Finally, Shaker Financial Services LLC purchased a new stake in Nuveen Multi-Market Income Fund in the 3rd quarter valued at about $74,000. Hedge funds and other institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Stock Up 0.9%

Shares of JMM stock traded up $0.05 during trading on Thursday, hitting $5.61. 3,719 shares of the stock traded hands, compared to its average volume of 8,826. Nuveen Multi-Market Income Fund has a 52-week low of $5.31 and a 52-week high of $6.37. The firm’s fifty day moving average price is $5.68 and its 200-day moving average price is $5.78.

Nuveen Multi-Market Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0290 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.35 annualized dividend and a yield of 6.2%.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund (NYSE:JMM) is a closed-end investment company managed by Nuveen, an asset manager specializing in income-oriented and other investment strategies. The fund’s primary objective is to provide a high level of current income, with capital appreciation as a secondary objective.

To pursue its objectives, the fund invests in a diversified portfolio of fixed-income securities and other debt-related investments. Its holdings may include corporate bonds, government and sovereign debt, mortgage-backed securities, asset-backed securities, and other income-producing instruments.