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 during the month of December. As of December 15th, there was short interest totalling 5,200 shares, a growth 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 presently 0.7 days.

Nuveen Multi-Market Income Fund Price Performance

NYSE:JMM traded down $0.02 during trading hours on Friday, hitting $5.98. 6,949 shares of the stock were exchanged, compared to its average volume of 8,997. The firm’s fifty day moving average price is $6.06 and its 200 day moving average price is $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 firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.029 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nuveen Multi-Market Income Fund stock. Kovitz Investment Group Partners LLC acquired a new stake in Nuveen Multi-Market Income Fund (NYSE:JMM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 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 at the end of the most recent quarter. Institutional investors own 67.34% of the company’s stock.

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.