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

Nuveen Quality Municipal Income Fund (NYSE:NADGet 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

Institutional investors have recently modified their holdings of the business. FSA Wealth Management LLC purchased a new position in Nuveen Quality Municipal Income Fund in the third quarter worth $37,000. Icon Wealth Advisors LLC purchased a new stake in shares of Nuveen Quality Municipal Income Fund during the 3rd quarter worth approximately $54,000. NBC Securities Inc. increased its stake in shares of Nuveen Quality Municipal Income Fund by 87.3% during the 3rd quarter. NBC Securities Inc. now owns 6,772 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 3,156 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Nuveen Quality Municipal Income Fund by 17.8% in the 3rd quarter. Private Trust Co. NA now owns 7,267 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 1,100 shares during the period. Finally, Merit Financial Group LLC purchased a new position in Nuveen Quality Municipal Income Fund in the fourth quarter valued at approximately $132,000.

About Nuveen Quality Municipal Income Fund

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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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