Nuveen Global High Income Fund (NYSE:JGH) Short Interest Up 357.7% in December

Nuveen Global High Income Fund (NYSE:JGH) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 23,800 shares, an increase of 357.7% from the December 15th total of 5,200 shares. Based on an average daily volume of 41,500 shares, the short-interest ratio is presently 0.6 days.

Shares of Nuveen Global High Income Fund stock opened at $15.44 on Thursday. Nuveen Global High Income Fund has a twelve month low of $9.24 and a twelve month high of $16.86. The business has a 50-day moving average price of $15.14 and a 200 day moving average price of $14.18.

The firm also recently declared a monthly dividend, which will be paid on Monday, February 1st. Investors of record on Friday, January 15th will be paid a $0.0855 dividend. The ex-dividend date is Thursday, January 14th. This represents a $1.03 annualized dividend and a dividend yield of 6.65%.

A number of hedge funds have recently bought and sold shares of JGH. Private Advisor Group LLC acquired a new position in Nuveen Global High Income Fund in the second quarter valued at approximately $84,000. Avantax Advisory Services Inc. bought a new position in shares of Nuveen Global High Income Fund in the 3rd quarter worth $158,000. Bank of New York Mellon Corp bought a new position in shares of Nuveen Global High Income Fund in the 2nd quarter worth $179,000. Global Retirement Partners LLC bought a new position in shares of Nuveen Global High Income Fund in the 4th quarter worth $249,000. Finally, Raymond James & Associates boosted its position in shares of Nuveen Global High Income Fund by 24.9% in the 3rd quarter. Raymond James & Associates now owns 18,896 shares of the company’s stock worth $256,000 after purchasing an additional 3,767 shares during 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.

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