Short Interest in Nuveen Multi-Market Income Fund (NYSE:JMM) Increases By 333.3%

Posted by Maddie Sorensen on Dec 28th, 2024

Nuveen Multi-Market Income Fund (NYSE:JMM – Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 5,200 shares, an increase of 333.3% from the November 30th total of 1,200 shares. Based on an average trading volume of 8,000 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nuveen Multi-Market Income Fund stock. Kovitz Investment Group Partners LLC purchased a new stake in shares of Nuveen Multi-Market Income Fund (NYSE:JMM – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 132,087 shares of the company’s stock, valued at approximately $840,000. Kovitz Investment Group Partners LLC owned approximately 1.40% of Nuveen Multi-Market Income Fund at the end of the most recent reporting period. 67.34% of the stock is owned by institutional investors.

Nuveen Multi-Market Income Fund Trading Down 0.3 %

NYSE JMM traded down $0.02 during trading hours on Friday, reaching $5.98. 6,949 shares of the company’s stock traded hands, compared to its average volume of 8,997. Nuveen Multi-Market Income Fund has a 52-week low of $5.78 and a 52-week high of $6.47. The firm has a 50-day simple moving average of $6.05 and a 200 day simple moving average of $6.11.

Nuveen Multi-Market Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.029 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.82%.

About Nuveen Multi-Market Income Fund

(Get Free Report)

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.