Nuveen Taxable Municipal Income Fund (NYSE:NBB) Short Interest Up 232.8% in April

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 41,600 shares, an increase of 232.8% from the March 31st total of 12,500 shares. Based on an average daily volume of 66,800 shares, the days-to-cover ratio is presently 0.6 days.

Nuveen Taxable Municipal Income Fund Stock Down 1.0 %

NBB stock opened at $14.58 on Friday. The company has a fifty day moving average price of $15.24 and a two-hundred day moving average price of $15.25. Nuveen Taxable Municipal Income Fund has a one year low of $13.67 and a one year high of $16.49.

Nuveen Taxable Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.073 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Investors Weigh In On Nuveen Taxable Municipal Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Capital Management Inc. raised its stake in Nuveen Taxable Municipal Income Fund by 7.1% in the first quarter. Integrated Capital Management Inc. now owns 11,358 shares of the company’s stock valued at $174,000 after purchasing an additional 750 shares in the last quarter. Advisory Services Network LLC raised its stake in Nuveen Taxable Municipal Income Fund by 2.8% in the fourth quarter. Advisory Services Network LLC now owns 36,450 shares of the company’s stock valued at $576,000 after purchasing an additional 1,000 shares in the last quarter. Wolverine Asset Management LLC raised its stake in Nuveen Taxable Municipal Income Fund by 293.2% in the third quarter. Wolverine Asset Management LLC now owns 5,757 shares of the company’s stock valued at $84,000 after purchasing an additional 4,293 shares in the last quarter. Shaker Financial Services LLC raised its stake in Nuveen Taxable Municipal Income Fund by 25.2% in the fourth quarter. Shaker Financial Services LLC now owns 33,550 shares of the company’s stock valued at $530,000 after purchasing an additional 6,745 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Nuveen Taxable Municipal Income Fund by 21.6% in the third quarter. Commonwealth Equity Services LLC now owns 40,809 shares of the company’s stock valued at $593,000 after acquiring an additional 7,254 shares during the last quarter.

Nuveen Taxable Municipal Income Fund Company Profile

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.