Short Interest in Nuveen Global High Income Fund (NYSE:JGH) Grows By 174.2%

Nuveen Global High Income Fund (NYSE:JGH) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 62,800 shares, a growth of 174.2% from the October 31st total of 22,900 shares. Based on an average daily volume of 48,500 shares, the short-interest ratio is currently 1.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JGH. Avior Wealth Management LLC raised its holdings in Nuveen Global High Income Fund by 76.0% in the third quarter. Avior Wealth Management LLC now owns 2,279 shares of the company’s stock worth $30,000 after purchasing an additional 984 shares during the period. Future Financial Wealth Managment LLC bought a new position in Nuveen Global High Income Fund during the third quarter worth about $47,000. International Assets Investment Management LLC lifted its holdings in 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 acquiring an additional 11,179 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in Nuveen Global High Income Fund in the second quarter valued at about $158,000. Finally, Blake Schutter Theil Wealth Advisors LLC bought a new stake in shares of Nuveen Global High Income Fund in the third quarter worth about $214,000.

Nuveen Global High Income Fund Trading Up 0.2 %

NYSE JGH opened at $13.14 on Thursday. Nuveen Global High Income Fund has a 12 month low of $11.17 and a 12 month high of $13.41. The stock has a 50-day simple moving average of $13.08 and a 200 day simple moving average of $12.88.

Nuveen Global High Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.1035 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.45%.

Nuveen Global High Income Fund Company Profile

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.