Nuveen Multi-Asset Income Fund (NYSE:NMAI) Sees Large Growth in Short Interest

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 218,985 shares, a growth of 581.8% from the December 31st total of 32,117 shares. Based on an average trading volume of 163,055 shares, the days-to-cover ratio is presently 1.3 days. Based on an average trading volume of 163,055 shares, the days-to-cover ratio is presently 1.3 days.

Nuveen Multi-Asset Income Fund Price Performance

Shares of Nuveen Multi-Asset Income Fund stock traded up $0.02 during midday trading on Wednesday, reaching $13.48. 103,958 shares of the company’s stock traded hands, compared to its average volume of 169,831. The stock has a 50 day moving average of $13.10 and a 200-day moving average of $12.93. Nuveen Multi-Asset Income Fund has a 12 month low of $10.21 and a 12 month high of $13.50.

Nuveen Multi-Asset Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of $0.116 per share. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Thursday, January 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in Nuveen Multi-Asset Income Fund by 412.7% in the second quarter. Allworth Financial LP now owns 2,512 shares of the company’s stock valued at $32,000 after acquiring an additional 2,022 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of Nuveen Multi-Asset Income Fund during the 3rd quarter valued at about $40,000. FNY Investment Advisers LLC lifted its stake in shares of Nuveen Multi-Asset Income Fund by 43.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 4,300 shares of the company’s stock worth $54,000 after purchasing an additional 1,300 shares during the period. International Assets Investment Management LLC bought a new position in shares of Nuveen Multi-Asset Income Fund in the 2nd quarter worth approximately $135,000. Finally, Dymon Asia Capital Singapore PTE. LTD. purchased a new position in shares of Nuveen Multi-Asset Income Fund in the second quarter worth approximately $164,000.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end investment fund managed by Nuveen, a global asset manager and subsidiary of TIAA. The fund is listed on the New York Stock Exchange and seeks to provide investors with high current income and the potential for capital appreciation. Nuveen Multi-Asset Income Fund employs an actively managed, diversified approach across multiple asset classes, leveraging Nuveen’s extensive research and portfolio management infrastructure.

The fund’s investment strategy centers on allocating assets among a broad range of income-producing instruments.