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

Nuveen Multi-Market Income Fund (NYSE:JMM) was the target of a large growth in short interest in 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 trading volume of 8,000 shares, the short-interest ratio is presently 0.7 days.

Nuveen Multi-Market Income Fund Trading Down 0.3 %

NYSE JMM traded down $0.02 on Friday, reaching $5.98. 6,949 shares of the stock traded hands, compared to its average volume of 8,997. Nuveen Multi-Market Income Fund has a 12 month low of $5.78 and a 12 month high of $6.47. The company has a fifty day moving average price of $6.06 and a 200-day moving average price of $6.11.

Nuveen Multi-Market Income Fund Dividend Announcement

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 issued a $0.029 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of 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 purchased a new stake in Nuveen Multi-Market Income Fund (NYSE:JMM) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 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 & Exchange Commission. 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.