Trading was heavy with 301K shares changing hands in the last trading session. Volume was up 215.61% over the stocks average daily volume.
Traders are more bullish lately if you look at the fall in short interest. The company had a fall in short interest between September 29, 2017 and October 13, 2017 of -44.27%. Short interest fell 8,743 over that period. The days to cover decreased to 0.0 and the percentage of shorted shares is 0.00% as of October 13.
These funds have shifted positions in (JGH). Citigroup Inc divested its investment by shedding 42 shares a decrease of 31.3% in the quarter. Citigroup Inc owns 92 shares valued at $2,000. The value of the position overall is down by 0.0%. As of quarter end Mcgowan Group Asset Management, Inc. had acquired 58,322 shares growing its holdings by 5.7%. The value of the investment in Nuveen Global High Income Fund went from $17,127,000 to $18,647,000 increasing 8.9% for the reporting period.
As of the end of the quarter Raymond James & Associates had sold a total of 19,137 shares trimming its position 32.9%. The value of the investment in JGH decreased from $981,000 to $678,000 a change of $303,000 quarter over quarter. Baird Financial Group, Inc. grew its stake by buying 27,438 shares an increase of 94.7%. Baird Financial Group, Inc. currently owns 56,409 shares with a value of $980,000. The total value of its holdings increased 100.4%.
The company is so far trading up from yesterday’s close of 16.12. Nuveen Global High Income Fund’s P/E ratio is N/A and the market value is 374.50M.
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. high-yield bonds from developed and emerging markets, corporate debt securities, U.S. and foreign government debt securities, mortgage and asset-backed securities, preferred securities, secured and unsecured loans, and convertible debt securities. It seeks to invest in below investment grade securities rated BB/Ba or lower. The fund uses a diversified global high-income strategy, which blends high-yield bonds and other income producing securities from around the world, and across the capital structure and credit spectrum, to create its portfolio. It benchmarks the performance of its portfolio against the Barclays Global High Yield Index. Nuveen Global High Income Fund was formed on August 5, 2014 and is domiciled in the United States..