Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Down 41.8% in August

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 106,666 shares, a decline of 41.8% from the August 15th total of 183,217 shares. Based on an average daily volume of 77,144 shares, the days-to-cover ratio is presently 1.4 days.

Nuveen Multi-Asset Income Fund Stock Down 2.1%

Shares of NMAI traded down $0.29 on Wednesday, hitting $13.82. The company’s stock had a trading volume of 79,420 shares, compared to its average volume of 111,164. The company has a 50 day moving average price of $14.25 and a 200 day moving average price of $13.77. Nuveen Multi-Asset Income Fund has a fifty-two week low of $11.99 and a fifty-two week high of $15.06.

Nuveen Multi-Asset Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.116 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 10.1%.

Institutional Trading of Nuveen Multi-Asset Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in NMAI. Waverly Advisors LLC acquired a new position in shares of Nuveen Multi-Asset Income Fund in the 1st quarter valued at $133,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Nuveen Multi-Asset Income Fund during the first quarter worth $31,000. D.A. Davidson & CO. grew its stake in shares of Nuveen Multi-Asset Income Fund by 0.6% during the first quarter. D.A. Davidson & CO. now owns 131,230 shares of the company’s stock worth $1,627,000 after purchasing an additional 730 shares during the period. Calamos Advisors LLC increased its holdings in Nuveen Multi-Asset Income Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 57,914 shares of the company’s stock valued at $718,000 after purchasing an additional 6,895 shares during the last quarter. Finally, NWF Advisory Services Inc. increased its holdings in Nuveen Multi-Asset Income Fund by 7.9% in the first quarter. NWF Advisory Services Inc. now owns 43,561 shares of the company’s stock valued at $540,000 after purchasing an additional 3,200 shares during the last quarter.

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.