Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Up 27.8% in March

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 14,700 shares, a growth of 27.8% from the February 28th total of 11,500 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 26,800 shares, the days-to-cover ratio is currently 0.5 days.

Nuveen Arizona Quality Municipal Income Fund Price Performance

Shares of NYSE NAZ opened at $12.19 on Thursday. Nuveen Arizona Quality Municipal Income Fund has a 12-month low of $10.52 and a 12-month high of $13.55. The stock’s 50 day simple moving average is $12.36 and its 200 day simple moving average is $12.03.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a $0.0725 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 7.14%. The ex-dividend date was Friday, March 14th.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several institutional investors have recently modified their holdings of the company. Brooklyn FI LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund in the 4th quarter valued at about $954,000. Raymond James Financial Inc. bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the fourth quarter valued at approximately $472,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the fourth quarter worth approximately $329,000. Stifel Financial Corp grew its holdings in Nuveen Arizona Quality Municipal Income Fund by 54.1% in the 4th quarter. Stifel Financial Corp now owns 38,208 shares of the investment management company’s stock worth $435,000 after buying an additional 13,419 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Nuveen Arizona Quality Municipal Income Fund by 7.2% in the 4th quarter. Wells Fargo & Company MN now owns 144,093 shares of the investment management company’s stock valued at $1,639,000 after acquiring an additional 9,618 shares during the period. Institutional investors own 15.28% of the company’s stock.

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.