Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Up 295.7% in February

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 9,100 shares, a growth of 295.7% from the February 13th total of 2,300 shares. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is presently 2.2 days.

Nuveen Multi-Market Income Fund Stock Up 1.7 %

JMM opened at $6.18 on Thursday. The firm’s 50-day simple moving average is $6.10 and its 200-day simple moving average is $6.13. Nuveen Multi-Market Income Fund has a twelve month low of $5.78 and a twelve month high of $6.47.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.029 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.64%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JMM. Wells Fargo & Company MN lifted its holdings in shares of Nuveen Multi-Market Income Fund by 50.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,456 shares of the company’s stock valued at $63,000 after purchasing an additional 3,506 shares in the last quarter. 1607 Capital Partners LLC boosted its stake in shares of Nuveen Multi-Market Income Fund by 1.7% during the 4th quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company’s stock worth $3,176,000 after buying an additional 8,850 shares during the last quarter. Aviance Capital Partners LLC grew its holdings in shares of Nuveen Multi-Market Income Fund by 22.5% in the 4th quarter. Aviance Capital Partners LLC now owns 106,618 shares of the company’s stock valued at $645,000 after acquiring an additional 19,560 shares in the last quarter. Transform Wealth LLC acquired a new stake in shares of Nuveen Multi-Market Income Fund in the fourth quarter valued at about $326,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in Nuveen Multi-Market Income Fund during the third quarter worth about $840,000. 67.34% of the stock is currently owned by institutional investors.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.