Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Down 38.2% in January

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 13,400 shares, a decline of 38.2% from the January 15th total of 21,700 shares. Based on an average daily trading volume, of 33,600 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen Arizona Quality Municipal Income Fund Trading Down 0.7 %

Shares of NYSE:NAZ opened at $12.40 on Thursday. The business’s fifty day moving average price is $11.95 and its two-hundred day moving average price is $11.86. Nuveen Arizona Quality Municipal Income Fund has a fifty-two week low of $10.52 and a fifty-two week high of $13.33.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.0725 dividend. This represents a $0.87 annualized dividend and a dividend yield of 7.01%. The ex-dividend date is Friday, February 14th.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several institutional investors have recently added to or reduced their stakes in NAZ. Wells Fargo & Company MN grew its stake in Nuveen Arizona Quality Municipal Income Fund by 7.2% during the fourth quarter. Wells Fargo & Company MN now owns 144,093 shares of the investment management company’s stock worth $1,639,000 after buying an additional 9,618 shares during the last quarter. Cetera Investment Advisers boosted its holdings 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 worth $1,114,000 after acquiring an additional 1,072 shares in the last quarter. Brooklyn FI LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund during the 4th quarter worth approximately $954,000. Raymond James Financial Inc. acquired a new stake in Nuveen Arizona Quality Municipal Income Fund during the 4th quarter valued at $472,000. Finally, LPL Financial LLC increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 12.7% during the 4th quarter. LPL Financial LLC now owns 31,390 shares of the investment management company’s stock valued at $357,000 after purchasing an additional 3,530 shares in the last quarter. 15.28% of the stock is owned by institutional investors.

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.