Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Sees Large Decline in Short Interest

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 13,200 shares, a decrease of 15.9% from the December 15th total of 15,700 shares. Based on an average daily trading volume, of 35,400 shares, the short-interest ratio is currently 0.4 days.

Nuveen Arizona Quality Municipal Income Fund Stock Down 1.2 %

Shares of NAZ stock traded down $0.15 during trading hours on Friday, reaching $11.96. 18,848 shares of the stock were exchanged, compared to its average volume of 33,130. The business’s fifty day moving average is $11.91 and its two-hundred day moving average is $11.75. Nuveen Arizona Quality Municipal Income Fund has a 12-month low of $10.52 and a 12-month high of $13.33.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0725 per share. This represents a $0.87 annualized dividend and a yield of 7.27%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Whitebox Advisors LLC acquired a new position in Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter valued at about $405,000. Stifel Financial Corp grew its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 50.4% in the 3rd quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock valued at $293,000 after purchasing an additional 8,305 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock valued at $1,114,000 after purchasing an additional 1,072 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 4.1% in the second quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock valued at $299,000 after purchasing an additional 1,052 shares during the period. Finally, Bartlett & CO. Wealth Management LLC raised its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 4.3% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 24,400 shares of the investment management company’s stock worth $278,000 after purchasing an additional 1,000 shares during the last quarter. 15.28% of the stock is owned by hedge funds and other institutional investors.

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.