Short Interest in Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Grows By 49.6%

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 19,600 shares, an increase of 49.6% from the May 15th total of 13,100 shares. Based on an average trading volume of 18,000 shares, the short-interest ratio is currently 1.1 days. Approximately 0.2% of the shares of the stock are sold short.

Nuveen Arizona Quality Municipal Income Fund Trading Up 1.1%

NYSE:NAZ opened at $11.67 on Wednesday. Nuveen Arizona Quality Municipal Income Fund has a fifty-two week low of $11.07 and a fifty-two week high of $13.55. The stock has a fifty day moving average price of $11.78 and a 200-day moving average price of $12.00.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.0725 per share. The ex-dividend date is Friday, June 13th. This represents a $0.87 dividend on an annualized basis and a yield of 7.45%.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC boosted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 2.5% during the 4th quarter. Western Wealth Management LLC now owns 40,876 shares of the investment management company’s stock worth $465,000 after acquiring an additional 987 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Nuveen Arizona Quality Municipal Income Fund by 3.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 29,292 shares of the investment management company’s stock worth $333,000 after purchasing an additional 1,076 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 1.7% in the 1st quarter. Cetera Investment Advisers now owns 105,111 shares of the investment management company’s stock valued at $1,268,000 after purchasing an additional 1,722 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 8.2% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 26,400 shares of the investment management company’s stock valued at $320,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Nuveen Arizona Quality Municipal Income Fund by 11.1% in the first quarter. Royal Bank of Canada now owns 23,983 shares of the investment management company’s stock valued at $289,000 after acquiring an additional 2,391 shares during the last quarter. 15.28% of the stock is owned by institutional investors.

About Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years.