Short Interest in Nuveen Global High Income Fund (NYSE:JGH) Grows By 68.6%

Nuveen Global High Income Fund (NYSE:JGH) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 68,300 shares, a growth of 68.6% from the January 31st total of 40,500 shares. Based on an average trading volume of 48,700 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Nuveen Global High Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC boosted its position in Nuveen Global High Income Fund by 76.0% during the 3rd quarter. Avior Wealth Management LLC now owns 2,279 shares of the company’s stock worth $30,000 after buying an additional 984 shares during the period. Kingsview Wealth Management LLC bought a new position in shares of Nuveen Global High Income Fund during the fourth quarter valued at $128,000. International Assets Investment Management LLC lifted its holdings in shares of Nuveen Global High Income Fund by 1,238.0% during the third quarter. International Assets Investment Management LLC now owns 12,082 shares of the company’s stock worth $162,000 after purchasing an additional 11,179 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of Nuveen Global High Income Fund in the fourth quarter worth $164,000. Finally, Apollon Wealth Management LLC acquired a new stake in Nuveen Global High Income Fund in the fourth quarter valued at $167,000.

Nuveen Global High Income Fund Trading Down 0.6 %

Shares of NYSE JGH traded down $0.09 during mid-day trading on Tuesday, hitting $13.30. 34,652 shares of the stock traded hands, compared to its average volume of 45,092. Nuveen Global High Income Fund has a twelve month low of $12.02 and a twelve month high of $13.48. The firm has a 50 day simple moving average of $13.13 and a two-hundred day simple moving average of $13.08.

Nuveen Global High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.1035 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.34%. The ex-dividend date of this dividend was Friday, February 14th.

About Nuveen Global High Income Fund

Nuveen Global High 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 fixed income markets across the globe. The fund primarily invests in U.S. high-yield bonds, non-U.S.