Nuveen Quality Municipal Income Fund (NYSE:NAD) Sees Large Decrease in Short Interest

Nuveen Quality Municipal Income Fund (NYSE:NAD) 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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. boosted its stake in Nuveen Quality Municipal Income Fund by 8.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 72,659 shares of the financial services provider’s stock valued at $900,000 after purchasing an additional 5,766 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Nuveen Quality Municipal Income Fund by 13.3% during the third quarter. OneDigital Investment Advisors LLC now owns 54,310 shares of the financial services provider’s stock valued at $672,000 after buying an additional 6,367 shares during the last quarter. Pathstone Holdings LLC grew its holdings in Nuveen Quality Municipal Income Fund by 16.4% during the third quarter. Pathstone Holdings LLC now owns 1,794,711 shares of the financial services provider’s stock worth $22,219,000 after buying an additional 252,384 shares in the last quarter. Avior Wealth Management LLC raised its position in Nuveen Quality Municipal Income Fund by 1.5% in the 3rd quarter. Avior Wealth Management LLC now owns 121,506 shares of the financial services provider’s stock valued at $1,504,000 after buying an additional 1,762 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Nuveen Quality Municipal Income Fund by 7.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 538,478 shares of the financial services provider’s stock valued at $6,666,000 after acquiring an additional 37,337 shares in the last quarter.

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.