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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 57,800 shares, a growth of 78.9% from the February 13th total of 32,300 shares. Based on an average daily trading volume, of 128,200 shares, the short-interest ratio is presently 0.5 days.

Insider Buying and Selling

In other Nuveen Multi-Asset Income Fund news, major shareholder Saba Capital Management, L.P. sold 83,265 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $12.09, for a total transaction of $1,006,673.85. Following the transaction, the insider now owns 3,738,811 shares in the company, valued at approximately $45,202,224.99. This represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 358,446 shares of company stock valued at $4,327,334.

Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in shares of Nuveen Multi-Asset Income Fund by 34.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,501 shares of the company’s stock valued at $42,000 after acquiring an additional 899 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Nuveen Multi-Asset Income Fund in the 4th quarter valued at $151,000. Avior Wealth Management LLC lifted its holdings in Nuveen Multi-Asset Income Fund by 62.8% in the 4th quarter. Avior Wealth Management LLC now owns 15,287 shares of the company’s stock valued at $184,000 after purchasing an additional 5,896 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its holdings in Nuveen Multi-Asset Income Fund by 6.7% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 18,444 shares of the company’s stock valued at $222,000 after purchasing an additional 1,159 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Nuveen Multi-Asset Income Fund by 5.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 22,871 shares of the company’s stock worth $275,000 after purchasing an additional 1,187 shares during the last quarter.

Nuveen Multi-Asset Income Fund Price Performance

Nuveen Multi-Asset Income Fund stock traded down $0.23 during trading on Friday, reaching $12.06. The company had a trading volume of 223,744 shares, compared to its average volume of 100,965. The firm’s 50-day simple moving average is $12.37 and its 200 day simple moving average is $12.63. Nuveen Multi-Asset Income Fund has a 1-year low of $11.63 and a 1-year high of $13.50.

Nuveen Multi-Asset Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.4175 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 13.85%.