Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report) was the target of a large increase in short interest in the month of 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 daily trading volume, of 8,000 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Investors Weigh In On Nuveen Multi-Market Income Fund
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 Nuveen Multi-Market Income Fund (NYSE:JMM - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 132,087 shares of the company's stock, valued at approximately $840,000. Kovitz Investment Group Partners LLC owned 1.40% of Nuveen Multi-Market Income Fund as of its most recent filing with the SEC. 67.34% of the stock is currently owned by hedge funds and other institutional investors.
Nuveen Multi-Market Income Fund Price Performance
Shares of NYSE:JMM traded up $0.01 during trading on Thursday, hitting $6.00. 1,104 shares of the stock traded hands, compared to its average volume of 9,005. The company has a fifty day moving average price of $6.06 and a two-hundred day moving average price of $6.11. Nuveen Multi-Market Income Fund has a 52-week low of $5.78 and a 52-week high of $6.47.
Nuveen Multi-Market Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.029 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.80%.
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.
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