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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 15,700 shares, a drop of 15.6% from the November 30th total of 18,600 shares. Based on an average trading volume of 37,700 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in shares of Nuveen Arizona Quality Municipal Income Fund by 4.1% in the 2nd 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. Blue Bell Private Wealth Management LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter worth $34,000. Whitebox Advisors LLC acquired a new stake in Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter valued at $405,000. Cetera Investment Advisers increased its position in shares of Nuveen Arizona Quality Municipal Income Fund by 1.1% in the second quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock valued at $1,114,000 after acquiring an additional 1,072 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in Nuveen Arizona Quality Municipal Income Fund by 50.4% during the third quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock worth $293,000 after acquiring an additional 8,305 shares in the last quarter. Institutional investors and hedge funds own 15.28% of the company’s stock.

Nuveen Arizona Quality Municipal Income Fund Price Performance

Nuveen Arizona Quality Municipal Income Fund stock opened at $11.32 on Monday. The company’s 50 day simple moving average is $11.91 and its 200 day simple moving average is $11.69. 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 Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.0725 per share. The ex-dividend date is Friday, December 13th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.69%.

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.