Nuveen California Quality Municipal Income Fund (NYSE:NAC) Sees Significant Drop in Short Interest

Nuveen California Quality Municipal Income Fund (NYSE:NAC – Get Rating) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 9,700 shares, a drop of 36.6% from the March 15th total of 15,300 shares. Based on an average trading volume of 285,100 shares, the short-interest ratio is currently 0.0 days.

Shares of NAC traded down $0.04 during midday trading on Friday, reaching $12.48. The stock had a trading volume of 266,283 shares, compared to its average volume of 280,953. The firm has a 50 day simple moving average of $13.30 and a 200-day simple moving average of $14.59. Nuveen California Quality Municipal Income Fund has a one year low of $12.37 and a one year high of $16.22.

The business also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th will be paid a dividend of $0.0515 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date is Wednesday, April 13th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Telos Capital Management Inc. lifted its stake in shares of Nuveen California Quality Municipal Income Fund by 7.3% during the 4th quarter. Telos Capital Management Inc. now owns 14,733 shares of the company’s stock worth $230,000 after buying an additional 1,000 shares during the last quarter. Resources Investment Advisors LLC. lifted its stake in shares of Nuveen California Quality Municipal Income Fund by 0.7% during the 4th quarter. Resources Investment Advisors LLC. now owns 168,845 shares of the company’s stock worth $2,641,000 after buying an additional 1,182 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Nuveen California Quality Municipal Income Fund by 8.8% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 17,438 shares of the company’s stock worth $274,000 after buying an additional 1,406 shares during the last quarter. Van Hulzen Asset Management LLC lifted its stake in shares of Nuveen California Quality Municipal Income Fund by 1.8% during the 4th quarter. Van Hulzen Asset Management LLC now owns 94,543 shares of the company’s stock worth $1,479,000 after buying an additional 1,655 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its stake in shares of Nuveen California Quality Municipal Income Fund by 0.9% during the 4th quarter. Advisor Group Holdings Inc. now owns 207,435 shares of the company’s stock worth $3,243,000 after buying an additional 1,794 shares during the last quarter.

About Nuveen California Quality Municipal Income Fund (Get Rating)

Nuveen California 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 California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.

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