Nuveen Emerging Markets Debt 2022 Target Term Fund (NYSE:JEMD – Get Rating) benefited from a sharp increase in short-term interest in June. As of June 15, there was short interest totaling 4,400 shares, an increase of 51.7% from the total of 2,900 shares as of May 31. Based on an average daily trading volume of 37,100 shares, the day-to-cover ratio is currently 0.1 day.
JEMD shares opened at $6.71 on Monday. The stock has a fifty-day moving average of $6.88 and a two-hundred-day moving average of $7.12. Nuveen Emerging Markets Debt 2022 Target Term Fund has a fifty-two week low of $6.61 and a fifty-two week high of $8.25.
The company also recently disclosed a monthly dividend, which was paid on Friday, July 1. Shareholders of record on Wednesday, June 15 received a dividend of $0.023. The ex-dividend date was Tuesday, June 14. This represents a dividend of $0.28 on an annualized basis and a yield of 4.11%.
A number of hedge funds and other institutional investors have recently changed their holdings in the company. Icon Advisers Inc. Co. increased its holdings in the Nuveen Emerging Markets Debt 2022 Target Term Fund by 77.9% during the first quarter. Icon Advisers Inc. Co. now owns 351,040 shares of the company worth $2,457,000 after purchasing an additional 153,706 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings of Nuveen Emerging Markets Debt 2022 Target Term Fund shares by 17.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 198,901 shares of the company valued at $1,506,000 after buying 29,693 additional shares in the last quarter. Shaker Financial Services LLC increased its holdings of Nuveen Emerging Markets Debt 2022 Target Term Fund shares by 5.4% in Q1. Shaker Financial Services LLC now owns 169,301 shares of the company valued at $1,185,000 after purchasing an additional 8,711 shares last quarter. Bank of America Corp DE increased its holdings in Nuveen Emerging Markets Debt 2022 Target Term Fund by 13.4% in Q1. Bank of America Corp DE now owns 151,468 shares of the company worth $1,060,000 after acquiring an additional 17,841 shares during the period. Finally, Jane Street Group LLC increased its stake in Nuveen Emerging Markets Debt 2022 Target Term Fund by 47.8% in Q1. Jane Street Group LLC now owns 148,481 shares of the company worth $1,040,000 after acquiring an additional 48,052 shares during the period.
About Nuveen Emerging Markets Debt 2022 Target Term Fund (Get a rating)
Nuveen Emerging Markets Debt 2022 Target Term Fund aims to provide a high level of current income and return the initial net asset value of $9.85 per common share on or about December 1, 2022.*
The Fund invests at least 80% of its Managed Assets in emerging market debt securities and may invest without limit in investment grade securities and securities rated below investment grade.
Featured articles
Get daily news and reviews for Nuveen Emerging Markets Debt 2022 Target Term Fund – Enter your email address below to receive a concise daily summary of the latest news and analyst notes for the Nuveen Emerging Markets Debt 2022 Target Term Fund and related companies with MarketBeat’s free daily email newsletter .com.
