Nuveen Multi-Market Income Fund (NYSE:JMM) Sees Large Decrease in Short Interest

Nuveen Multi-Market Income Fund (NYSE:JMM) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 5,400 shares, a decline of 27.0% from the March 31st total of 7,400 shares. Based on an average daily volume of 15,000 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen Multi-Market Income Fund Price Performance

JMM traded up $0.05 during trading on Friday, hitting $5.88. 1,572 shares of the company’s stock were exchanged, compared to its average volume of 4,314. The stock has a 50 day moving average price of $5.97 and a 200 day moving average price of $5.83. Nuveen Multi-Market Income Fund has a 1 year low of $5.29 and a 1 year high of $6.12.

Nuveen Multi-Market Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a $0.0275 dividend. This represents a $0.33 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend is Friday, April 12th.

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.