Short Interest in Nuveen Quality Municipal Income Fund (NYSE:NAD) Increases By 36.0%

Nuveen Quality Municipal Income Fund (NYSE:NAD) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 187,700 shares, an increase of 36.0% from the January 31st total of 138,000 shares. Based on an average daily volume of 828,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BNC Wealth Management LLC raised its holdings in shares of Nuveen Quality Municipal Income Fund by 1.5% in the third quarter. BNC Wealth Management LLC now owns 56,533 shares of the financial services provider’s stock valued at $700,000 after purchasing an additional 850 shares during the last quarter. Journey Strategic Wealth LLC grew its position in Nuveen Quality Municipal Income Fund by 2.0% in the 4th quarter. Journey Strategic Wealth LLC now owns 44,023 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 864 shares in the last quarter. Simon Quick Advisors LLC increased its stake in Nuveen Quality Municipal Income Fund by 6.0% in the 4th quarter. Simon Quick Advisors LLC now owns 16,066 shares of the financial services provider’s stock valued at $187,000 after buying an additional 912 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Nuveen Quality Municipal Income Fund by 3.5% during the 4th quarter. Bank of Montreal Can now owns 31,874 shares of the financial services provider’s stock worth $372,000 after buying an additional 1,064 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of Nuveen Quality Municipal Income Fund by 17.8% in the 3rd quarter. Private Trust Co. NA now owns 7,267 shares of the financial services provider’s stock worth $90,000 after buying an additional 1,100 shares during the last quarter.

Nuveen Quality Municipal Income Fund Price Performance

NAD traded up $0.01 during trading on Wednesday, hitting $11.89. The company’s stock had a trading volume of 713,356 shares, compared to its average volume of 699,199. Nuveen Quality Municipal Income Fund has a twelve month low of $10.84 and a twelve month high of $12.47. The stock’s fifty day moving average price is $11.77 and its 200-day moving average price is $11.98.

Nuveen Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.0755 per share. This represents a $0.91 annualized dividend and a yield of 7.62%. The ex-dividend date of this dividend is Friday, March 14th.

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.