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

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 4,100 shares, a growth of 51.9% from the October 31st total of 2,700 shares. Based on an average trading volume of 8,500 shares, the days-to-cover ratio is currently 0.5 days.

Nuveen Multi-Market Income Fund Price Performance

NYSE:JMM traded up $0.04 during trading hours on Friday, hitting $6.09. 2,872 shares of the stock traded hands, compared to its average volume of 4,981. Nuveen Multi-Market Income Fund has a 1 year low of $5.67 and a 1 year high of $6.47. The stock has a 50 day moving average price of $6.15 and a 200 day moving average price of $6.10.

Nuveen Multi-Market Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.0275 dividend. This represents a $0.33 annualized dividend and a yield of 5.42%. The ex-dividend date is Friday, November 15th.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

An institutional investor recently bought a new position in Nuveen Multi-Market Income Fund stock. Kovitz Investment Group Partners LLC acquired a new stake in shares of Nuveen Multi-Market Income Fund (NYSE:JMM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 132,087 shares of the company’s stock, valued at approximately $840,000. Kovitz Investment Group Partners LLC owned about 1.40% of Nuveen Multi-Market Income Fund as of its most recent SEC filing. Hedge funds and other institutional investors own 67.34% of the company’s stock.

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.