Nuveen Quality Municipal Income Fund (NYSE:NAD) Short Interest Update


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Nuveen Quality Municipal Income Fund (NYSE:NAD) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 119,400 shares, a growth of 34.5% from the March 31st total of 88,800 shares. Based on an average daily trading volume, of 409,800 shares, the days-to-cover ratio is presently 0.3 days.

A number of institutional investors have recently bought and sold shares of NAD. First Trust Advisors LP raised its position in Nuveen Quality Municipal Income Fund by 10.2% in the 1st quarter. First Trust Advisors LP now owns 45,092 shares of the financial services provider’s stock worth $612,000 after purchasing an additional 4,167 shares during the period. Van ECK Associates Corp increased its position in shares of Nuveen Quality Municipal Income Fund by 1.7% during the third quarter. Van ECK Associates Corp now owns 879,189 shares of the financial services provider’s stock worth $12,766,000 after acquiring an additional 14,555 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of Nuveen Quality Municipal Income Fund by 255.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 53,571 shares of the financial services provider’s stock worth $778,000 after acquiring an additional 38,515 shares during the period. Founders Capital Management purchased a new position in shares of Nuveen Quality Municipal Income Fund during the fourth quarter worth approximately $31,000. Finally, Sowell Financial Services LLC increased its position in shares of Nuveen Quality Municipal Income Fund by 9.6% during the fourth quarter. Sowell Financial Services LLC now owns 8,745 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 769 shares during the period.

Nuveen Quality Municipal Income Fund stock traded up $0.04 during midday trading on Tuesday, reaching $15.38. The stock had a trading volume of 539 shares, compared to its average volume of 410,427. Nuveen Quality Municipal Income Fund has a 52-week low of $13.09 and a 52-week high of $15.47. The company has a fifty day moving average of $15.16 and a 200 day moving average of $15.02.

The company also recently disclosed a monthly dividend, which was paid on Monday, May 3rd. Investors of record on Friday, April 9th were given a $0.0595 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend was Thursday, April 8th.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.

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