Short Interest in Nuveen High Income Nov2021 Trgt Trm Fund (NYSE:JHB) Grows By 2,637.8%

Nuveen High Income Nov2021 Trgt Trm Fund (NYSE:JHB) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totalling 123,200 shares, a growth of 2,637.8% from the February 27th total of 4,500 shares. Based on an average daily volume of 94,200 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.2% of the company’s shares are short sold.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. American Institute for Advanced Investment Management LLP purchased a new position in Nuveen High Income Nov2021 Trgt Trm Fund in the 4th quarter worth about $173,000. Integrated Wealth Concepts LLC increased its stake in Nuveen High Income Nov2021 Trgt Trm Fund by 26.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 1,862,050 shares of the company’s stock worth $18,639,000 after purchasing an additional 392,530 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. purchased a new position in Nuveen High Income Nov2021 Trgt Trm Fund in the 4th quarter worth about $250,000. Stifel Financial Corp increased its stake in Nuveen High Income Nov2021 Trgt Trm Fund by 16.3% in the 4th quarter. Stifel Financial Corp now owns 251,558 shares of the company’s stock worth $2,510,000 after purchasing an additional 35,205 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in Nuveen High Income Nov2021 Trgt Trm Fund by 228.5% in the 4th quarter. Advisor Group Inc. now owns 106,214 shares of the company’s stock worth $1,064,000 after purchasing an additional 73,885 shares in the last quarter.

Shares of JHB opened at $8.69 on Friday. The business’s 50-day moving average price is $9.47 and its 200 day moving average price is $9.83. Nuveen High Income Nov2021 Trgt Trm Fund has a 1-year low of $7.03 and a 1-year high of $10.13.

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.037 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.44 dividend on an annualized basis and a yield of 5.11%.

Nuveen High Income Nov2021 Trgt Trm Fund Company Profile

Nuveen High Income November 2021 Target Term Fund is a closed-end investment fund. The fund’s objective is to provide a high level of current income. It invests in a portfolio of primarily below investment grade corporate debt securities. The company is headquartered in Chicago, IL.

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