Short Interest in Nuveen Multi-Asset Income Fund (NYSE:NMAI) Decreases By 60.6%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 22,800 shares, a drop of 60.6% from the February 28th total of 57,800 shares. Based on an average daily volume of 130,300 shares, the short-interest ratio is presently 0.2 days.

Nuveen Multi-Asset Income Fund Stock Down 0.5 %

Shares of NMAI opened at $12.05 on Thursday. The firm’s 50 day moving average is $12.38 and its 200-day moving average is $12.56. Nuveen Multi-Asset Income Fund has a 12 month low of $11.63 and a 12 month high of $13.50.

Nuveen Multi-Asset Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.4175 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 13.86%.

Insider Buying and Selling

In other Nuveen Multi-Asset Income Fund news, major shareholder Saba Capital Management, L.P. sold 59,946 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $12.08, for a total value of $724,147.68. Following the completion of the sale, the insider now owns 3,539,679 shares of the company’s stock, valued at $42,759,322.32. The trade was a 1.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 260,230 shares of company stock valued at $3,138,099.

Institutional Trading of Nuveen Multi-Asset Income Fund

Several large investors have recently modified their holdings of NMAI. Wells Fargo & Company MN lifted its position in Nuveen Multi-Asset Income Fund by 34.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,501 shares of the company’s stock worth $42,000 after purchasing an additional 899 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 4.2% during the 4th quarter. NewEdge Advisors LLC now owns 24,984 shares of the company’s stock worth $301,000 after acquiring an additional 1,009 shares during the period. Fortitude Advisory Group L.L.C. boosted its position in shares of Nuveen Multi-Asset Income Fund by 6.7% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 18,444 shares of the company’s stock worth $222,000 after acquiring an additional 1,159 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Nuveen Multi-Asset Income Fund by 5.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 22,871 shares of the company’s stock valued at $275,000 after acquiring an additional 1,187 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in Nuveen Multi-Asset Income Fund by 5.7% during the fourth quarter. D.A. Davidson & CO. now owns 30,007 shares of the company’s stock valued at $361,000 after purchasing an additional 1,614 shares in the last quarter.