Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Up 30.2% in January

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 41,161 shares, an increase of 30.2% from the January 15th total of 31,621 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 26,593 shares, the short-interest ratio is currently 1.5 days. Based on an average daily trading volume, of 26,593 shares, the short-interest ratio is currently 1.5 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund in the 3rd quarter valued at $30,000. CoreCap Advisors LLC lifted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 125.0% during the fourth quarter. CoreCap Advisors LLC now owns 4,500 shares of the investment management company’s stock valued at $53,000 after acquiring an additional 2,500 shares during the period. Ameriflex Group Inc. lifted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 100.0% during the third quarter. Ameriflex Group Inc. now owns 8,620 shares of the investment management company’s stock valued at $102,000 after acquiring an additional 4,310 shares during the period. Plan Group Financial LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund in the second quarter valued at about $139,000. Finally, Diversify Wealth Management LLC acquired a new stake in Nuveen Arizona Quality Municipal Income Fund in the second quarter worth about $169,000. Institutional investors own 15.28% of the company’s stock.

Nuveen Arizona Quality Municipal Income Fund Price Performance

Shares of NYSE:NAZ opened at $12.07 on Wednesday. Nuveen Arizona Quality Municipal Income Fund has a 12 month low of $11.40 and a 12 month high of $13.55. The company’s 50-day moving average price is $11.98 and its two-hundred day moving average price is $11.92.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of $0.0655 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen Arizona Quality Municipal Income Fund Company Profile

Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from regular U.S. federal income tax. Managed by Nuveen Asset Management, the fund focuses on investment-grade municipal obligations issued by or on behalf of entities located in the state of Arizona. Its portfolio typically includes general obligation bonds, revenue bonds and essential-purpose municipal securities backed by state and local governments and quasi-governmental agencies.

The fund employs fundamental credit analysis to select bonds that meet rigorous quality standards, aiming to preserve principal while generating tax-advantaged income.