Nuveen Multi-Market Income Fund (NYSE:JMM) Sees Large Decrease in Short Interest

Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 3,700 shares, a decrease of 70.6% from the March 31st total of 12,600 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,300 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JMM. 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 acquiring an additional 192,829 shares in the last quarter. Transform Wealth LLC purchased a new position in Nuveen Multi-Market Income Fund in the fourth quarter worth about $326,000. Aviance Capital Partners LLC lifted its position in 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. 1607 Capital Partners LLC increased its holdings in Nuveen Multi-Market Income Fund by 1.7% in 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 in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Nuveen Multi-Market Income Fund by 50.4% during 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 during the last quarter. Institutional investors own 67.34% of the company's stock.

Nuveen Multi-Market Income Fund Price Performance

NYSE:JMM traded down $0.07 on Friday, reaching $6.03. 965 shares of the company's stock were exchanged, compared to its average volume of 6,712. The stock has a fifty day simple moving average of $6.10 and a 200-day simple moving average of $6.08. Nuveen Multi-Market Income Fund has a 52 week low of $5.68 and a 52 week high of $6.47.

Nuveen Multi-Market Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.029 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.77%.

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.

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