Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Up 159.0% in October

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 25,900 shares, an increase of 159.0% from the October 15th total of 10,000 shares. Based on an average daily volume of 88,300 shares, the short-interest ratio is currently 0.3 days.

Insider Activity at Nuveen Multi-Asset Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 73,350 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $13.17, for a total value of $966,019.50. Following the completion of the sale, the insider now owns 4,534,634 shares of the company’s stock, valued at approximately $59,721,129.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 430,987 shares of company stock valued at $5,608,910.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NMAI. International Assets Investment Management LLC bought a new position in shares of Nuveen Multi-Asset Income Fund during the 2nd quarter worth about $95,000. Blake Schutter Theil Wealth Advisors LLC acquired a new position in Nuveen Multi-Asset Income Fund in the 3rd quarter valued at approximately $161,000. Koshinski Asset Management Inc. acquired a new position in Nuveen Multi-Asset Income Fund in the 1st quarter valued at approximately $180,000. Cetera Advisors LLC bought a new stake in shares of Nuveen Multi-Asset Income Fund in the 1st quarter worth approximately $303,000. Finally, Shaker Financial Services LLC acquired a new stake in shares of Nuveen Multi-Asset Income Fund during the 2nd quarter worth approximately $412,000.

Nuveen Multi-Asset Income Fund Trading Down 0.6 %

Shares of NYSE:NMAI traded down $0.08 during trading on Wednesday, reaching $12.47. The stock had a trading volume of 55,692 shares, compared to its average volume of 85,818. The stock has a fifty day simple moving average of $12.97 and a two-hundred day simple moving average of $12.73. Nuveen Multi-Asset Income Fund has a 52 week low of $11.33 and a 52 week high of $13.50.

Nuveen Multi-Asset Income Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a dividend of $0.4175 per share. This is an increase from Nuveen Multi-Asset Income Fund’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, September 13th. This represents a $1.67 annualized dividend and a yield of 13.39%.