Nuveen Global High Income Fund (NYSE:JGH) Sees Large Drop in Short Interest

Nuveen Global High Income Fund (NYSE:JGH) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 43,900 shares, a decline of 30.1% from the November 15th total of 62,800 shares. Based on an average daily volume of 48,200 shares, the short-interest ratio is currently 0.9 days.

Nuveen Global High Income Fund Trading Down 0.1 %

NYSE:JGH traded down $0.01 during trading hours on Friday, reaching $13.25. The company had a trading volume of 47,998 shares, compared to its average volume of 50,410. The firm’s 50 day moving average price is $13.10 and its 200-day moving average price is $12.93. Nuveen Global High Income Fund has a 52 week low of $11.85 and a 52 week high of $13.41.

Nuveen Global High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.1035 per share. This represents a $1.24 annualized dividend and a dividend yield of 9.37%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC lifted its stake in shares of Nuveen Global High Income Fund by 76.0% during the 3rd quarter. Avior Wealth Management LLC now owns 2,279 shares of the company’s stock valued at $30,000 after buying an additional 984 shares in the last quarter. Outlook Wealth Advisors LLC increased its holdings in shares of Nuveen Global High Income Fund by 6.5% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 56,141 shares of the company’s stock worth $751,000 after buying an additional 3,409 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Nuveen Global High Income Fund in the 3rd quarter worth about $47,000. IHT Wealth Management LLC grew its holdings in Nuveen Global High Income Fund by 82.6% during the 3rd quarter. IHT Wealth Management LLC now owns 19,352 shares of the company’s stock valued at $259,000 after purchasing an additional 8,752 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in Nuveen Global High Income Fund by 1,238.0% in the 3rd 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.

About Nuveen Global High Income Fund

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.