Nuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 140,500 shares, a drop of 16.9% from the December 15th total of 169,000 shares. Based on an average trading volume of 855,900 shares, the short-interest ratio is currently 0.2 days.
Nuveen Quality Municipal Income Fund Trading Down 0.2 %
Shares of NAD stock opened at $11.63 on Friday. Nuveen Quality Municipal Income Fund has a one year low of $10.84 and a one year high of $12.47. The firm has a 50-day moving average of $11.90 and a 200-day moving average of $11.99.
Nuveen Quality Municipal Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.0755 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 7.79%.
Hedge Funds Weigh In On Nuveen Quality Municipal Income Fund
About Nuveen Quality Municipal Income Fund
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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