Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Up 155.7% in April

Nuveen California Quality Municipal Income Fund (NYSE:NACGet Rating) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 24,800 shares, a growth of 155.7% from the March 31st total of 9,700 shares. Based on an average daily trading volume, of 305,600 shares, the short-interest ratio is presently 0.1 days.

Several institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new stake in Nuveen California Quality Municipal Income Fund during the first quarter valued at $26,000. UMB Bank N A MO boosted its position in Nuveen California Quality Municipal Income Fund by 228.2% during the first quarter. UMB Bank N A MO now owns 2,025 shares of the company’s stock valued at $27,000 after acquiring an additional 1,408 shares during the last quarter. Sargent Bickham Lagudis LLC bought a new stake in Nuveen California Quality Municipal Income Fund during the third quarter valued at $30,000. Segantii Capital Management Ltd bought a new stake in Nuveen California Quality Municipal Income Fund during the fourth quarter valued at $39,000. Finally, Westchester Capital Management LLC bought a new stake in Nuveen California Quality Municipal Income Fund during the third quarter valued at $49,000.

Shares of Nuveen California Quality Municipal Income Fund stock opened at $12.16 on Friday. Nuveen California Quality Municipal Income Fund has a twelve month low of $12.01 and a twelve month high of $16.22. The company’s fifty day moving average is $13.01 and its 200 day moving average is $14.38.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 2nd. Investors of record on Thursday, April 14th will be paid a $0.0515 dividend. The ex-dividend date of this dividend is Wednesday, April 13th. This represents a $0.62 annualized dividend and a dividend yield of 5.08%.

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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