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

Nuveen Quality Municipal Income Fund (NYSE:NADGet Rating) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 212,200 shares, a growth of 220.5% from the May 15th total of 66,200 shares. Based on an average daily trading volume, of 793,000 shares, the days-to-cover ratio is presently 0.3 days.

NAD traded down $0.18 during trading hours on Friday, hitting $12.75. The stock had a trading volume of 650,035 shares, compared to its average volume of 765,586. Nuveen Quality Municipal Income Fund has a 1 year low of $11.85 and a 1 year high of $16.45. The company’s fifty day simple moving average is $12.77 and its 200 day simple moving average is $14.07.

The company also recently declared a monthly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.72 annualized dividend and a yield of 5.65%.

Large investors have recently bought and sold shares of the company. Ahrens Investment Partners LLC bought a new stake in Nuveen Quality Municipal Income Fund during the fourth quarter valued at approximately $26,000. Confluence Wealth Services Inc. bought a new stake in shares of Nuveen Quality Municipal Income Fund during the fourth quarter valued at approximately $37,000. Bessemer Group Inc. bought a new position in Nuveen Quality Municipal Income Fund in the fourth quarter worth approximately $40,000. MUFG Americas Holdings Corp purchased a new position in Nuveen Quality Municipal Income Fund in the fourth quarter worth $43,000. Finally, Allegheny Financial Group LTD acquired a new stake in Nuveen Quality Municipal Income Fund in the fourth quarter worth about $46,000.

Nuveen Quality Municipal Income Fund Company Profile (Get Rating)

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.

See Also

Receive News & Ratings for Nuveen Quality Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Quality Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.