Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Down 20.5% in October

Nuveen California Quality Municipal Income Fund (NYSE:NAC) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 90,000 shares, a decline of 20.5% from the October 15th total of 113,200 shares. Based on an average trading volume of 516,700 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen California Quality Municipal Income Fund Stock Down 0.3 %

Shares of Nuveen California Quality Municipal Income Fund stock traded down $0.04 during trading on Friday, reaching $11.40. 400,851 shares of the company traded hands, compared to its average volume of 412,347. Nuveen California Quality Municipal Income Fund has a 1-year low of $10.24 and a 1-year high of $12.03. The company has a 50 day moving average price of $11.72 and a 200-day moving average price of $11.54.

Nuveen California Quality Municipal Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.0735 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.88 annualized dividend and a dividend yield of 7.74%. This is a positive change from Nuveen California Quality Municipal Income Fund’s previous monthly dividend of $0.07.

Institutional Trading of Nuveen California Quality Municipal Income Fund

Several large investors have recently made changes to their positions in NAC. Whitebox Advisors LLC increased its stake in Nuveen California Quality Municipal Income Fund by 200.7% during the 2nd quarter. Whitebox Advisors LLC now owns 1,120,372 shares of the company’s stock valued at $12,918,000 after purchasing an additional 747,810 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Nuveen California Quality Municipal Income Fund by 1,089.0% in the 3rd quarter. International Assets Investment Management LLC now owns 328,167 shares of the company’s stock worth $3,902,000 after buying an additional 300,567 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Nuveen California Quality Municipal Income Fund by 25.2% in the third quarter. Rockefeller Capital Management L.P. now owns 850,736 shares of the company’s stock worth $10,115,000 after purchasing an additional 171,428 shares during the last quarter. Robinson Capital Management LLC boosted its holdings in shares of Nuveen California Quality Municipal Income Fund by 43.0% in the 1st quarter. Robinson Capital Management LLC now owns 443,150 shares of the company’s stock worth $4,788,000 after buying an additional 133,227 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Nuveen California Quality Municipal Income Fund during the 2nd quarter valued at approximately $660,000.

Nuveen California Quality Municipal Income Fund Company Profile

Nuveen California Quality Municipal 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 the fixed income markets of California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.