Short Interest in Nuveen California Quality Municipal Income Fund (NYSE:NAC) Drops By 20.8%

Nuveen California Quality Municipal Income Fund (NYSE:NAC) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 308,415 shares, a decline of 20.8% from the January 29th total of 389,609 shares. Based on an average trading volume of 470,269 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 470,269 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Nuveen California Quality Municipal Income Fund

Hedge funds have recently modified their holdings of the business. Highline Wealth Partners LLC purchased a new position in Nuveen California Quality Municipal Income Fund during the third quarter valued at $29,000. Ameriflex Group Inc. raised its stake in shares of Nuveen California Quality Municipal Income Fund by 100.0% in the third quarter. Ameriflex Group Inc. now owns 2,800 shares of the company’s stock worth $32,000 after buying an additional 1,400 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Nuveen California Quality Municipal Income Fund during the 4th quarter valued at about $41,000. Smartleaf Asset Management LLC grew its stake in shares of Nuveen California Quality Municipal Income Fund by 484.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 7,245 shares of the company’s stock valued at $82,000 after acquiring an additional 6,005 shares during the period. Finally, Harbour Investments Inc. bought a new position in shares of Nuveen California Quality Municipal Income Fund during the 4th quarter valued at approximately $106,000.

Nuveen California Quality Municipal Income Fund Price Performance

NAC stock opened at $12.08 on Monday. The business’s 50-day moving average is $11.88 and its two-hundred day moving average is $11.72. Nuveen California Quality Municipal Income Fund has a fifty-two week low of $10.35 and a fifty-two week high of $12.25.

Nuveen California Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a dividend of $0.0735 per share. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen California Quality Municipal Income Fund Company Profile

Nuveen California Quality Municipal Income Fund (NYSE: NAC) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal and California state income taxes, with a secondary objective of capital appreciation. The fund primarily acquires a diversified portfolio of municipal securities issued by entities located in California, focusing on investment-grade bonds. These securities typically include general obligation bonds, revenue bonds and other taxable or tax-advantaged instruments that finance public projects such as transportation, education and utilities.

In managing the portfolio, the fund’s investment team applies rigorous credit research to identify issuers with strong balance sheets, stable revenue streams and manageable debt levels.