Nuveen Multi-Asset Income Fund (NYSE:NMAI) Sees Large Drop in Short Interest

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 113,700 shares, a decline of 36.2% from the July 31st total of 178,200 shares. Based on an average daily volume of 112,900 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. raised its holdings in Nuveen Multi-Asset Income Fund by 8.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 88,987 shares of the company’s stock valued at $1,095,000 after acquiring an additional 7,189 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Nuveen Multi-Asset Income Fund in the 2nd quarter valued at $95,000. Private Advisor Group LLC acquired a new stake in shares of Nuveen Multi-Asset Income Fund during the 4th quarter worth $156,000. Koshinski Asset Management Inc. acquired a new stake in shares of Nuveen Multi-Asset Income Fund during the 1st quarter worth $180,000. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of Nuveen Multi-Asset Income Fund by 27.7% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 69,200 shares of the company’s stock worth $855,000 after buying an additional 15,002 shares during the last quarter.

Nuveen Multi-Asset Income Fund Stock Performance

Shares of Nuveen Multi-Asset Income Fund stock opened at $13.39 on Wednesday. Nuveen Multi-Asset Income Fund has a 1 year low of $10.60 and a 1 year high of $13.50. The business has a 50 day moving average price of $12.80 and a 200 day moving average price of $12.39.

Nuveen Multi-Asset Income Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a dividend of $0.417 per share. This is an increase from Nuveen Multi-Asset Income Fund’s previous quarterly dividend of $0.40. This represents a $1.67 annualized dividend and a dividend yield of 12.46%. The ex-dividend date was Friday, June 14th.