Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Down 54.9% in March

Nuveen Multi-Market Income Fund (NYSE:JMM) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 4,100 shares, a decrease of 54.9% from the February 28th total of 9,100 shares. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

A number of hedge funds have recently modified their holdings of the company. 1607 Capital Partners LLC lifted its position in shares of Nuveen Multi-Market Income Fund by 1.7% in the fourth quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company’s stock valued at $3,176,000 after acquiring an additional 8,850 shares in the last quarter. Sit Investment Associates Inc. raised its position in shares of Nuveen Multi-Market Income Fund by 3.6% during the fourth quarter. Sit Investment Associates Inc. now owns 5,575,283 shares of the company’s stock valued at $33,730,000 after buying an additional 192,829 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Nuveen Multi-Market Income Fund by 50.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,456 shares of the company’s stock worth $63,000 after buying an additional 3,506 shares in the last quarter. Aviance Capital Partners LLC boosted its position in shares of Nuveen Multi-Market Income Fund by 22.5% during the fourth quarter. Aviance Capital Partners LLC now owns 106,618 shares of the company’s stock worth $645,000 after acquiring an additional 19,560 shares during the last quarter. Finally, Transform Wealth LLC bought a new stake in Nuveen Multi-Market Income Fund in the 4th quarter valued at $326,000. 67.34% of the stock is currently owned by institutional investors.

Nuveen Multi-Market Income Fund Stock Down 4.1 %

Shares of NYSE JMM traded down $0.27 during trading on Friday, hitting $6.19. The company had a trading volume of 22,897 shares, compared to its average volume of 6,232. Nuveen Multi-Market Income Fund has a 12 month low of $5.78 and a 12 month high of $6.47. The stock has a 50 day simple moving average of $6.14 and a 200 day simple moving average of $6.13.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.029 per share. This represents a $0.35 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen Multi-Market Income Fund Company Profile

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.