Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Down 79.6% in May

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 20,878 shares, a drop of 79.6% from the May 14th total of 102,224 shares. Based on an average trading volume of 154,735 shares, the days-to-cover ratio is currently 0.1 days.

Nuveen Multi-Asset Income Fund Stock Down 0.3%

Shares of NYSE NMAI traded down $0.04 during midday trading on Wednesday, reaching $13.51. 89,689 shares of the company traded hands, compared to its average volume of 124,246. The stock’s 50-day simple moving average is $13.63 and its 200-day simple moving average is $13.33. Nuveen Multi-Asset Income Fund has a 12 month low of $11.99 and a 12 month high of $14.38.

Nuveen Multi-Asset Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.116 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NMAI. Pathstone Holdings LLC lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 60.6% during the third quarter. Pathstone Holdings LLC now owns 1,259,213 shares of the company’s stock valued at $16,345,000 after acquiring an additional 475,298 shares during the period. Stifel Financial Corp raised its holdings in shares of Nuveen Multi-Asset Income Fund by 200.2% in the fourth quarter. Stifel Financial Corp now owns 201,156 shares of the company’s stock valued at $2,623,000 after buying an additional 134,154 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Nuveen Multi-Asset Income Fund by 23.5% in the fourth quarter. LPL Financial LLC now owns 393,127 shares of the company’s stock valued at $5,126,000 after buying an additional 74,745 shares during the last quarter. Royal Bank of Canada grew its holdings in Nuveen Multi-Asset Income Fund by 189.8% during the 1st quarter. Royal Bank of Canada now owns 98,778 shares of the company’s stock worth $1,187,000 after acquiring an additional 64,693 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in Nuveen Multi-Asset Income Fund during the 4th quarter worth about $836,000.

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.