Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Update

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 26,900 shares, an increase of 100.7% from the January 31st total of 13,400 shares. Based on an average daily volume of 28,300 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several hedge funds have recently made changes to their positions in the company. Brooklyn FI LLC purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 4th quarter valued at approximately $954,000. Ameriflex Group Inc. purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 4th quarter valued at approximately $53,000. Western Wealth Management LLC increased its stake in Nuveen Arizona Quality Municipal Income Fund by 2.5% in the 4th quarter. Western Wealth Management LLC now owns 40,876 shares of the investment management company’s stock valued at $465,000 after buying an additional 987 shares during the period. Cetera Investment Advisers increased its stake in Nuveen Arizona Quality Municipal Income Fund by 1.8% in the 4th quarter. Cetera Investment Advisers now owns 103,389 shares of the investment management company’s stock valued at $1,176,000 after buying an additional 1,787 shares during the period. Finally, Stifel Financial Corp increased its stake 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 valued at $435,000 after buying an additional 13,419 shares during the period. Hedge funds and other institutional investors own 15.28% of the company’s stock.

Nuveen Arizona Quality Municipal Income Fund Stock Up 0.6 %

NAZ stock traded up $0.08 on Friday, hitting $12.71. 7,680 shares of the company’s stock traded hands, compared to its average volume of 21,102. Nuveen Arizona Quality Municipal Income Fund has a 1-year low of $10.52 and a 1-year high of $13.33. The stock has a fifty day moving average of $12.09 and a 200-day moving average of $11.94.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.0725 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.87 annualized dividend and a dividend yield of 6.85%.

Nuveen Arizona Quality Municipal Income Fund Company Profile

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.