Nuveen Multi-Market Income Fund (NYSE:JMM) Sees Large Growth in Short Interest

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a significant increase in short interest in 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 short-interest ratio is currently 0.7 days.

Nuveen Multi-Market Income Fund Trading Up 0.2 %

Shares of Nuveen Multi-Market Income Fund stock traded up $0.01 on Thursday, hitting $6.00. 1,104 shares of the company were exchanged, compared to its average volume of 9,005. The company has a 50-day moving average price of $6.06 and a 200 day moving average price of $6.11. Nuveen Multi-Market Income Fund has a 1-year low of $5.78 and a 1-year high of $6.47.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.029 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.35 annualized dividend and a dividend yield of 5.80%.

Institutional Investors Weigh In On 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 stake in Nuveen Multi-Market Income Fund (NYSE:JMM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 132,087 shares of the company’s stock, valued at approximately $840,000. Kovitz Investment Group Partners LLC owned about 1.40% of Nuveen Multi-Market Income Fund as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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.