Short Interest in Nuveen Multi-Asset Income Fund (NYSE:NMAI) Decreases By 62.7%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 32,300 shares, a decline of 62.7% from the January 31st total of 86,700 shares. Based on an average daily volume of 120,800 shares, the days-to-cover ratio is currently 0.3 days.

Insider Buying and Selling at Nuveen Multi-Asset Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 28,613 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $12.84, for a total value of $367,390.92. Following the transaction, the insider now directly owns 4,044,045 shares of the company’s stock, valued at approximately $51,925,537.80. The trade was a 0.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders sold 515,450 shares of company stock worth $6,336,266.

Institutional Trading of Nuveen Multi-Asset Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Nuveen Multi-Asset Income Fund in the fourth quarter worth $1,033,000. D.A. Davidson & CO. increased its holdings in Nuveen Multi-Asset Income Fund by 5.7% in the 4th quarter. D.A. Davidson & CO. now owns 30,007 shares of the company’s stock worth $361,000 after buying an additional 1,614 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Nuveen Multi-Asset Income Fund in the 4th quarter worth about $749,000. Janney Montgomery Scott LLC purchased a new position in Nuveen Multi-Asset Income Fund in the fourth quarter worth about $364,000. Finally, Absolute Investment Advisers LLC purchased a new position in Nuveen Multi-Asset Income Fund in the fourth quarter worth about $2,474,000.

Nuveen Multi-Asset Income Fund Trading Down 0.4 %

Shares of NMAI traded down $0.05 during midday trading on Friday, hitting $12.58. 126,011 shares of the company traded hands, compared to its average volume of 110,831. The stock has a 50-day moving average of $12.30 and a 200-day moving average of $12.69. Nuveen Multi-Asset Income Fund has a one year low of $11.63 and a one year high of $13.50.

Nuveen Multi-Asset Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.4175 dividend. This represents a $1.67 annualized dividend and a yield of 13.28%. The ex-dividend date of this dividend was Friday, December 13th.