Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Update

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 4,100 shares, an increase 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.

Nuveen Multi-Market Income Fund Price Performance

Shares of NYSE:JMM traded up $0.04 during trading on Friday, hitting $6.09. 2,872 shares of the stock traded hands, compared to its average volume of 4,981. The company has a fifty day moving average price of $6.15 and a two-hundred day moving average price of $6.10. Nuveen Multi-Market Income Fund has a 52-week low of $5.67 and a 52-week high of $6.47.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently announced 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. This represents a $0.33 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend is Friday, November 15th.

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 position in shares of Nuveen Multi-Market Income Fund (NYSE:JMM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period. Institutional investors and hedge funds 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.