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 August. As of August 31st, there was short interest totalling 3,800 shares, a growth of 52.0% from the August 15th total of 2,500 shares. Based on an average trading volume of 5,400 shares, the days-to-cover ratio is currently 0.7 days.

Nuveen Multi-Market Income Fund Stock Up 0.5 %

JMM stock opened at $6.27 on Monday. Nuveen Multi-Market Income Fund has a 1 year low of $5.29 and a 1 year high of $6.33. The stock’s 50 day moving average price is $6.14 and its 200 day moving average price is $6.02.

Nuveen Multi-Market Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a $0.0275 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date is Friday, September 13th.

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.