Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Update

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 4,100 shares, a decrease of 54.9% from the February 28th total of 9,100 shares. Based on an average trading volume of 3,700 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. raised its holdings in shares of Nuveen Multi-Market Income Fund by 3.6% during the fourth quarter. Sit Investment Associates Inc. now owns 5,575,283 shares of the company’s stock valued at $33,730,000 after buying an additional 192,829 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Nuveen Multi-Market Income Fund in the 3rd quarter worth $840,000. Transform Wealth LLC acquired a new stake in Nuveen Multi-Market Income Fund during the 4th quarter worth about $326,000. Aviance Capital Partners LLC lifted its position 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. Finally, 1607 Capital Partners LLC lifted its holdings in shares of Nuveen Multi-Market Income Fund by 1.7% in the fourth quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company’s stock valued at $3,176,000 after purchasing an additional 8,850 shares in the last quarter. 67.34% of the stock is currently owned by institutional investors.

Nuveen Multi-Market Income Fund Price Performance

Shares of JMM traded down $0.27 during midday trading on Friday, hitting $6.19. The company had a trading volume of 22,897 shares, compared to its average volume of 6,232. Nuveen Multi-Market Income Fund has a 52 week low of $5.78 and a 52 week high of $6.47. The company’s 50 day moving average price is $6.13 and its 200 day moving average price is $6.13.

Nuveen Multi-Market Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.029 per share. The ex-dividend date is Friday, March 14th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.63%.

Nuveen Multi-Market Income Fund Company Profile

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.