Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 13,600 shares, a decrease of 66.4% from the June 15th total of 40,500 shares. Based on an average trading volume of 76,200 shares, the short-interest ratio is presently 0.2 days.
Nuveen Taxable Municipal Income Fund Price Performance
Shares of NYSE NBB traded up $0.12 during midday trading on Thursday, hitting $15.73. 83,443 shares of the company’s stock traded hands, compared to its average volume of 71,051. Nuveen Taxable Municipal Income Fund has a 1 year low of $13.67 and a 1 year high of $16.28. The firm has a fifty day moving average of $15.17 and a 200 day moving average of $15.37.
Nuveen Taxable Municipal Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be issued a dividend of $0.0965 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date is Monday, July 15th.
Institutional Inflows and Outflows
Nuveen Taxable Municipal Income Fund Company Profile
Nuveen Taxable 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 also invests some portion of its portfolio in derivative instruments.
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