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Saba capital sells Nuveen Multi-Asset Income Fund shares for $244,319

Published 12/19/2024, 09:10 PM
NMAI
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Saba Capital Management, L.P., a significant stakeholder in Nuveen Multi-Asset Income Fund (NYSE:NMAI), has reported the sale of shares valued at approximately $244,319, according to a recent SEC filing. The fund, currently trading at $11.83 with a market capitalization of $400 million, offers an attractive dividend yield of ~14%. According to InvestingPro analysis, NMAI's RSI indicates the stock is in oversold territory. The sales occurred over two days, with Saba Capital disposing of 13,951 shares at a price of $12.23 per share on December 17, followed by the sale of 6,031 shares at $12.22 per share on December 18. Discover more valuable insights about NMAI with InvestingPro, which offers 5 additional investment tips. Post-transaction, Saba Capital's holdings in the fund stand at 3,823,076 shares, with the stock currently trading near its 52-week low of $11.63.

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