Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Short Interest Down 25.4% in August

Posted by Maria Luz-Campos on Sep 16th, 2024

Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 31,500 shares, a decrease of 25.4% from the August 15th total of 42,200 shares. Based on an average daily volume of 19,900 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On Nuveen Municipal Income Fund

A hedge fund recently bought a new stake in Nuveen Municipal Income Fund stock. Rothschild Investment LLC purchased a new stake in Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $490,000. Rothschild Investment LLC owned approximately 0.50% of Nuveen Municipal Income Fund as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 16.57% of the company’s stock.

Nuveen Municipal Income Fund Stock Performance

Shares of Nuveen Municipal Income Fund stock opened at $10.20 on Monday. The business has a 50-day moving average of $10.09 and a two-hundred day moving average of $9.63. Nuveen Municipal Income Fund has a 1 year low of $8.30 and a 1 year high of $10.30.

Nuveen Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a $0.038 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.46 annualized dividend and a yield of 4.47%.

Nuveen Municipal Income Fund Company Profile

(Get Free Report)

Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.