Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Up 520.0% in May

Nuveen Multi-Market Income Fund (NYSE:JMM – Get Rating) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 3,100 shares, an increase of 520.0% from the April 30th total of 500 shares. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

Institutional investors have recently bought and sold shares of the company. BCK Partners Inc. purchased a new position in Nuveen Multi-Market Income Fund during the first quarter worth about $166,000. Waverly Advisors LLC purchased a new position in Nuveen Multi-Market Income Fund during the first quarter worth about $149,000. Susquehanna International Group LLP raised its stake in Nuveen Multi-Market Income Fund by 30.3% during the fourth quarter. Susquehanna International Group LLP now owns 25,403 shares of the company’s stock worth $149,000 after purchasing an additional 5,910 shares during the period. Wells Fargo & Company MN raised its stake in shares of Nuveen Multi-Market Income Fund by 31.7% in the 4th quarter. Wells Fargo & Company MN now owns 8,233 shares of the company’s stock valued at $48,000 after acquiring an additional 1,982 shares during the period. Finally, Transform Wealth LLC raised its stake in shares of Nuveen Multi-Market Income Fund by 100.8% in the 1st quarter. Transform Wealth LLC now owns 52,042 shares of the company’s stock valued at $304,000 after acquiring an additional 26,130 shares during the period. 63.90% of the stock is owned by hedge funds and other institutional investors.

Nuveen Multi-Market Income Fund Stock Performance

JMM traded up $0.03 on Friday, reaching $5.75. 16,749 shares of the company’s stock were exchanged, compared to its average volume of 7,960. Nuveen Multi-Market Income Fund has a twelve month low of $5.39 and a twelve month high of $6.57. The stock’s fifty day moving average price is $5.79 and its 200-day moving average price is $5.90.

Nuveen Multi-Market Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be given a dividend of $0.0275 per share. The ex-dividend date is Friday, May 12th. This represents a $0.33 dividend on an annualized basis and a yield of 5.74%.

About Nuveen Multi-Market Income Fund

(Get Rating)

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.