Nuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 131,500 shares, a decrease of 29.9% from the February 13th total of 187,700 shares. Based on an average trading volume of 830,100 shares, the short-interest ratio is currently 0.2 days.
Nuveen Quality Municipal Income Fund Price Performance
Shares of NAD traded down $0.05 during trading hours on Monday, reaching $11.62. The stock had a trading volume of 537,824 shares, compared to its average volume of 744,697. The firm has a 50-day simple moving average of $11.78 and a 200 day simple moving average of $11.96. Nuveen Quality Municipal Income Fund has a 12 month low of $10.84 and a 12 month high of $12.47.
Nuveen Quality Municipal Income Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.0755 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date is Friday, March 14th.
Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund
About Nuveen Quality Municipal Income Fund
Nuveen Quality 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 invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.
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