Short Interest in Nuveen California Quality Municipal Income Fund (NYSE:NAC) Drops By 16.1%

Nuveen California Quality Municipal Income Fund (NYSE:NAC) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 138,600 shares, a decline of 16.1% from the November 15th total of 165,100 shares. Based on an average daily volume of 526,700 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Nuveen California Quality Municipal Income Fund

Large investors have recently made changes to their positions in the company. CWM LLC raised its stake in Nuveen California Quality Municipal Income Fund by 253.9% during the 3rd quarter. CWM LLC now owns 7,018 shares of the company’s stock worth $83,000 after buying an additional 5,035 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Nuveen California Quality Municipal Income Fund during the second quarter valued at approximately $82,000. Larson Financial Group LLC acquired a new position in shares of Nuveen California Quality Municipal Income Fund during the third quarter worth approximately $119,000. CreativeOne Wealth LLC bought a new position in shares of Nuveen California Quality Municipal Income Fund in the 3rd quarter worth $128,000. Finally, Blue Bell Private Wealth Management LLC grew its position in Nuveen California Quality Municipal Income Fund by 48.5% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 10,926 shares of the company’s stock valued at $126,000 after purchasing an additional 3,569 shares during the period.

Nuveen California Quality Municipal Income Fund Trading Down 1.2 %

NYSE:NAC opened at $11.51 on Friday. Nuveen California Quality Municipal Income Fund has a twelve month low of $10.60 and a twelve month high of $12.03. The company has a fifty day moving average of $11.61 and a 200-day moving average of $11.62.

Nuveen California Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.0735 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.88 annualized dividend and a dividend yield of 7.66%.

About Nuveen California Quality Municipal Income Fund

Nuveen California 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 California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.