Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Update

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 22,800 shares, a decrease of 60.6% from the February 28th total of 57,800 shares. Based on an average trading volume of 130,300 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen Multi-Asset Income Fund Stock Down 0.7 %

Shares of NYSE NMAI traded down $0.08 during midday trading on Friday, reaching $11.94. 93,790 shares of the company’s stock were exchanged, compared to its average volume of 103,195. Nuveen Multi-Asset Income Fund has a 52-week low of $11.63 and a 52-week high of $13.50. The business’s fifty day moving average price is $12.38 and its two-hundred day moving average price is $12.54.

Nuveen Multi-Asset Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.4175 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.67 annualized dividend and a yield of 13.99%.

Insiders Place Their Bets

In other Nuveen Multi-Asset Income Fund news, major shareholder Saba Capital Management, L.P. sold 29,872 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $12.10, for a total value of $361,451.20. Following the transaction, the insider now owns 3,320,294 shares in the company, valued at $40,175,557.40. The trade was a 0.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 260,230 shares of company stock worth $3,138,099 in the last 90 days.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Stifel Financial Corp raised its holdings in Nuveen Multi-Asset Income Fund by 19.0% in the third quarter. Stifel Financial Corp now owns 55,404 shares of the company’s stock valued at $732,000 after acquiring an additional 8,841 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Nuveen Multi-Asset Income Fund by 6.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 54,860 shares of the company’s stock valued at $692,000 after purchasing an additional 3,267 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Nuveen Multi-Asset Income Fund during the fourth quarter worth about $364,000. Avior Wealth Management LLC lifted its position in shares of Nuveen Multi-Asset Income Fund by 62.8% during the fourth quarter. Avior Wealth Management LLC now owns 15,287 shares of the company’s stock worth $184,000 after purchasing an additional 5,896 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its stake in Nuveen Multi-Asset Income Fund by 6.7% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 18,444 shares of the company’s stock worth $222,000 after purchasing an additional 1,159 shares in the last quarter.