Nuveen Multi-Market Income Fund (NYSE:JMM) Sees Significant Growth in Short Interest

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a large growth in short interest in the month of 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 short-interest ratio is currently 0.7 days.

Nuveen Multi-Market Income Fund Stock Up 0.5 %

Shares of JMM opened at $6.27 on Monday. Nuveen Multi-Market Income Fund has a twelve month low of $5.29 and a twelve month high of $6.33. The stock’s 50 day moving average is $6.14 and its two-hundred day moving average is $6.02.

Nuveen Multi-Market Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued 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.