Nuveen Global High Income Fund (NYSE:JGH) Trading Down 0.8% – Here’s Why

Nuveen Global High Income Fund (NYSE:JGH) fell 0.8% during trading on Thursday . The stock traded as low as $12.36 and last traded at $12.4250. 80,680 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 98,550 shares. The stock had previously closed at $12.53.

Nuveen Global High Income Fund Stock Down 0.8%

The firm’s 50 day simple moving average is $12.66 and its 200 day simple moving average is $12.66.

Nuveen Global High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.1035 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 10.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of Nuveen Global High Income Fund by 27.7% during 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 grew its position in Nuveen Global High Income Fund by 11.2% in the 1st quarter. Gould Asset Management LLC CA now owns 24,621 shares of the company’s stock valued at $301,000 after buying an additional 2,480 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Nuveen Global High Income Fund during the 1st quarter valued at about $200,000. Calamos Advisors LLC increased its stake 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 valued at $343,000 after buying an additional 3,345 shares during the period. Finally, Fifth Third Bancorp acquired a new position in Nuveen Global High Income Fund during the 1st quarter valued at about $99,000.

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.