Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Rating) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 27,600 shares, an increase of 65.3% from the March 31st total of 16,700 shares. Based on an average daily trading volume, of 93,700 shares, the days-to-cover ratio is currently 0.3 days.
Shares of NBB traded up $0.18 during mid-day trading on Friday, hitting $18.36. The stock had a trading volume of 55,895 shares, compared to its average volume of 96,141. The business has a fifty day moving average price of $19.46 and a 200-day moving average price of $21.18. Nuveen Taxable Municipal Income Fund has a 52 week low of $17.99 and a 52 week high of $23.91.
The company also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Shareholders of record on Thursday, April 14th will be paid a $0.108 dividend. The ex-dividend date is Wednesday, April 13th. This represents a $1.30 annualized dividend and a dividend yield of 7.06%.
About Nuveen Taxable Municipal Income Fund (Get Rating)
Nuveen Taxable 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 also invests some portion of its portfolio in derivative instruments.
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