Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report) was the target of a significant growth in short interest in 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 daily volume of 8,500 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Trading of 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 bought a new position in Nuveen Multi-Market Income Fund (NYSE:JMM - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm bought 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 as of its most recent SEC filing. 67.34% of the stock is currently owned by hedge funds and other institutional investors.
Nuveen Multi-Market Income Fund Stock Up 0.6 %
Shares of Nuveen Multi-Market Income Fund stock traded up $0.04 on Friday, reaching $6.09. The stock had a trading volume of 2,872 shares, compared to its average volume of 9,302. Nuveen Multi-Market Income Fund has a 1 year low of $5.67 and a 1 year high of $6.47. The company has a 50 day moving average price of $6.15 and a 200 day moving average price of $6.09.
Nuveen Multi-Market Income Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.0275 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.33 annualized dividend and a dividend yield of 5.42%.
About Nuveen Multi-Market Income Fund
(
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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.
Further Reading
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