JGH Stock Summary and Trading Ideas (Nuveen Global High Income Common Shares Of Beneficial Interest | NYSE:JGH)

The fund seeks to provide a high level of current income. 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. These securities include: U.S. high-yield bonds; non-U.S. high-yield bonds from developed and emerging markets; and other income-producing investments such as preferred and convertible securities. At least 65% of its managed assets will be invested in securities rated lower than investment grade at time of purchase or, if unrated, judged to be of comparable quality by the portfolio team. At least 40% will be in securities issued by non-U.S. entities, and up to 25% will be invested in debt obligations from issuers located in emerging market countries. Up to 15% of the fund’s assets may be in unhedged non-U.S. dollar denominated bonds. The fund uses leverage. The fund may use derivatives for hedging purposes only.

Nuveen Global High Income Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol JGH.

As of April 19, 2024, JGH stock price climbed to $12.27 with 64,428 million shares trading.

JGH has a beta of 0.75, meaning it tends to be less sensitive to market movements. JGH has a correlation of 0.31 to the broad based SPY ETF.

JGH has a market cap of $284.39 million. This is considered a Small Cap stock.

In the last 3 years, JGH stock traded as high as $16.38 and as low as $10.36.

JGH stock has underperformed the market in the last year with a return of +19.4%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in JGH shares. However, JGH has outperformed the market in the last 3 month and 2 week periods, returning +5.1% and -3.0%, while SPY returned +4.3% and -3.5%, respectively. This indicates JGH has been having a stronger performance recently.

JGH support price is $12.09 and resistance is $12.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JGH stock will trade within this expected range on the day.