Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Sees Large Drop in Short Interest

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 4,700 shares, a decline of 41.3% from the March 31st total of 8,000 shares. Based on an average trading volume of 28,400 shares, the short-interest ratio is currently 0.2 days.

Nuveen Municipal Income Fund Price Performance

Shares of NYSE:NMI traded up $0.01 during mid-day trading on Friday, reaching $9.18. The stock had a trading volume of 4,802 shares, compared to its average volume of 25,823. Nuveen Municipal Income Fund has a 1 year low of $8.30 and a 1 year high of $10.05. The business’s 50 day moving average price is $9.27 and its 200 day moving average price is $9.08.

Nuveen Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a dividend of $0.036 per share. The ex-dividend date is Friday, April 12th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 4.71%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. 1607 Capital Partners LLC lifted its holdings in shares of Nuveen Municipal Income Fund by 2.2% during the 4th quarter. 1607 Capital Partners LLC now owns 785,667 shares of the company’s stock valued at $7,228,000 after purchasing an additional 17,254 shares during the last quarter. Fortitude Advisory Group L.L.C. boosted its holdings in Nuveen Municipal Income Fund by 9.4% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 26,920 shares of the company’s stock worth $248,000 after buying an additional 2,320 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in Nuveen Municipal Income Fund by 321.0% in the 4th quarter. Wolverine Asset Management LLC now owns 57,573 shares of the company’s stock worth $530,000 after buying an additional 43,897 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Nuveen Municipal Income Fund by 1.9% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 193,450 shares of the company’s stock worth $1,664,000 after buying an additional 3,697 shares during the last quarter. Finally, Crestone Asset Management LLC acquired a new stake in Nuveen Municipal Income Fund in the 3rd quarter worth about $91,000. Institutional investors own 16.57% of the company’s stock.

Nuveen Municipal Income Fund Company Profile

Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.