Trading was heavy with 400K shares changing hands in the last trading session. Volume was up 95.95% over the stocks average daily volume.
Short traders are more bullish on shares of the company recently if you pay attention to the decrease in short interest. The company recorded a fall in short interest of -7.58% as of the latest report on October 13, 2017. Short shares decreased from 277,785 to 256,729 over that period. Days to cover decreased 0.0 to 1.0 and the percentage of shorted shares is 0.00% as of October 13.
A few notable investment firms have updated their holdings. Oppenheimer & Co Inc augmented its position by buying 128 shares an increase of 0.8% as of 09/30/2017. Oppenheimer & Co Inc claims 16,242 shares worth $172,000. The total value of its holdings increased 2.4%. As of the end of the quarter Citigroup Inc had bought 38 shares growing its holdings by 6.8%. The value of the investment in Nuveen Preferred and Convertible went from $6,000 to $6,000 a change of $0 for the reporting period.
Stifel Financial Corp downsized its ownership by selling 8,400 shares a decrease of 7.7%. Stifel Financial Corp currently owns 100,986 shares with a value of $1,065,000. The value of the position overall is down by 5.9%. Raymond James & Associates bolstered its investment by buying 6,400 shares an increase of 25.9% from 06/30/2017 to 09/30/2017. Raymond James & Associates now controls 31,092 shares valued at $329,000. The value of the position overall is up by 28.0%.
The company is now down since yesterday’s close of 10.32. The company’s P/E ratio is N/A and the market value is 994.17M.
Nuveen Multi-Strategy Income & Growth Fund (the Fund), formerly Nuveen Preferred and Convertible Income Fund, is a diversified, closed-end management investment company. The Fund intends to invest in a portfolio of preferred securities, convertible securities and, to a lesser degree, high yield securities. The Fund may also invest in other debt instruments and common stocks acquired upon conversion of a convertible security..