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

Nuveen California Quality Municipal Income Fund (NYSE:NAC – Get Rating) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 22,300 shares, a decline of 56.9% from the April 15th total of 51,700 shares. Based on an average trading volume of 315,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Nuveen California Quality Municipal Income Fund

Several hedge funds have recently made changes to their positions in NAC. Karpus Management Inc. raised its position in Nuveen California Quality Municipal Income Fund by 240.0% in the 1st quarter. Karpus Management Inc. now owns 3,151,152 shares of the company’s stock worth $34,694,000 after purchasing an additional 2,224,267 shares during the period. UBS Group AG raised its position in Nuveen California Quality Municipal Income Fund by 0.4% in the 4th quarter. UBS Group AG now owns 2,578,231 shares of the company’s stock worth $28,541,000 after purchasing an additional 11,450 shares during the period. Guggenheim Capital LLC raised its position in Nuveen California Quality Municipal Income Fund by 3.2% in the 3rd quarter. Guggenheim Capital LLC now owns 2,346,494 shares of the company’s stock worth $25,741,000 after purchasing an additional 72,047 shares during the period. Wells Fargo & Company MN raised its position in Nuveen California Quality Municipal Income Fund by 1.1% in the 2nd quarter. Wells Fargo & Company MN now owns 1,202,271 shares of the company’s stock worth $14,825,000 after purchasing an additional 12,728 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in shares of Nuveen California Quality Municipal Income Fund during the first quarter worth approximately $8,341,000.

Nuveen California Quality Municipal Income Fund Stock Down 0.4 %

Shares of Nuveen California Quality Municipal Income Fund stock opened at $10.75 on Friday. The company has a fifty day moving average of $10.88 and a 200 day moving average of $10.98. Nuveen California Quality Municipal Income Fund has a fifty-two week low of $10.14 and a fifty-two week high of $13.02.

Nuveen California Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be issued a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Friday, May 12th.

Nuveen California Quality Municipal Income Fund Company Profile

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Nuveen California Quality Municipal Income Fund operates as a closed-end investment fund/investment trust. The fund seeks current income exempt from both regular federal income taxes and California personal income tax by investing its assets majorly in investment-grade quality municipal bonds. The company was founded on December 1, 1998 and is headquartered in Chicago, IL.