Nuveen Multi-Asset Income Fund (NYSE:NMAI) Shares Shorted: Short Interest Down 53.9% in October

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 81,675 shares, a decline of 53.9% from the September 30th total of 177,072 shares. Based on an average daily trading volume, of 160,341 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Nuveen Multi-Asset Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in Nuveen Multi-Asset Income Fund by 900.6% in the 3rd quarter. International Assets Investment Management LLC now owns 250,000 shares of the company’s stock worth $3,612,000 after purchasing an additional 225,016 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Nuveen Multi-Asset Income Fund by 23.1% in the first quarter. Royal Bank of Canada now owns 240,191 shares of the company’s stock worth $2,978,000 after buying an additional 45,075 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Nuveen Multi-Asset Income Fund by 2.8% in the third quarter. D.A. Davidson & CO. now owns 148,785 shares of the company’s stock worth $2,150,000 after buying an additional 4,048 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Nuveen Multi-Asset Income Fund by 42.7% in the first quarter. Cetera Investment Advisers now owns 138,811 shares of the company’s stock worth $1,721,000 after buying an additional 41,566 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Nuveen Multi-Asset Income Fund by 5.3% in the first quarter. First Trust Advisors LP now owns 112,821 shares of the company’s stock worth $1,399,000 after buying an additional 5,708 shares in the last quarter.

Nuveen Multi-Asset Income Fund Trading Down 1.4%

NMAI stock traded down $0.19 during trading on Friday, reaching $13.65. The company’s stock had a trading volume of 174,497 shares, compared to its average volume of 110,966. Nuveen Multi-Asset Income Fund has a 1 year low of $11.99 and a 1 year high of $15.06. The company’s fifty day moving average is $14.01 and its 200-day moving average is $13.74.

Nuveen Multi-Asset Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a dividend of $0.1160 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.39 annualized dividend and a dividend yield of 10.2%.

Nuveen Multi-Asset Income Fund (NYSE:NMAI) is a closed-end investment fund managed by Nuveen. The fund seeks to provide investors with a high level of current income and total return by investing across multiple asset classes rather than focusing on a single type of security.

The fund may allocate its portfolio among global fixed-income securities, equity securities, preferred securities, real estate-related investments and other income-producing assets. Its flexible, multi-asset approach is designed to give the investment team the ability to adjust exposures as market conditions, interest rates and economic trends change.

NMAI is advised by Nuveen Fund Advisors and benefits from the broader investment resources of Nuveen, an asset-management firm serving institutional and individual investors.