Short Interest in Nuveen Quality Municipal Income Fund (NYSE:NAD) Drops By 59.0%

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 169,000 shares, a decline of 59.0% from the November 30th total of 412,300 shares. Based on an average daily volume of 801,900 shares, the short-interest ratio is presently 0.2 days.

Nuveen Quality Municipal Income Fund Trading Up 0.8 %

Shares of Nuveen Quality Municipal Income Fund stock opened at $11.59 on Friday. Nuveen Quality Municipal Income Fund has a 52 week low of $10.84 and a 52 week high of $12.47. The company’s 50-day moving average price is $11.98 and its two-hundred day moving average price is $11.99.

Nuveen Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.0755 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.91 annualized dividend and a yield of 7.82%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NAD. FSA Wealth Management LLC purchased a new stake in Nuveen Quality Municipal Income Fund during the third quarter valued at about $37,000. Icon Wealth Advisors LLC purchased a new stake in shares of Nuveen Quality Municipal Income Fund in the 3rd quarter valued at approximately $54,000. International Assets Investment Management LLC acquired a new position in Nuveen Quality Municipal Income Fund in the 2nd quarter worth approximately $80,000. NBC Securities Inc. boosted its stake in Nuveen Quality Municipal Income Fund by 87.3% in the 3rd quarter. NBC Securities Inc. now owns 6,772 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 3,156 shares during the period. Finally, Private Trust Co. NA grew its position in Nuveen Quality Municipal Income Fund by 17.8% during the 3rd quarter. Private Trust Co. NA now owns 7,267 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 1,100 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.