Short Interest in Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Drops By 57.2%

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 11,500 shares, a decline of 57.2% from the February 13th total of 26,900 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 29,200 shares, the days-to-cover ratio is presently 0.4 days.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

NYSE:NAZ opened at $12.06 on Friday. Nuveen Arizona Quality Municipal Income Fund has a 12-month low of $10.52 and a 12-month high of $13.55. The business has a 50 day simple moving average of $12.30 and a 200 day simple moving average of $11.99.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.0725 per share. The ex-dividend date is Friday, March 14th. This represents a $0.87 dividend on an annualized basis and a yield of 7.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in Nuveen Arizona Quality Municipal Income Fund by 7.2% during the 4th quarter. Wells Fargo & Company MN now owns 144,093 shares of the investment management company’s stock worth $1,639,000 after acquiring an additional 9,618 shares during the period. Cetera Investment Advisers boosted its position in Nuveen Arizona Quality Municipal Income Fund by 1.8% during the 4th quarter. Cetera Investment Advisers now owns 103,389 shares of the investment management company’s stock worth $1,176,000 after acquiring an additional 1,787 shares during the period. Brooklyn FI LLC acquired a new position in Nuveen Arizona Quality Municipal Income Fund during the 4th quarter worth $954,000. Raymond James Financial Inc. acquired a new position in Nuveen Arizona Quality Municipal Income Fund during the 4th quarter worth $472,000. Finally, Western Wealth Management LLC boosted its position in Nuveen Arizona Quality Municipal Income Fund by 2.5% during the 4th quarter. Western Wealth Management LLC now owns 40,876 shares of the investment management company’s stock worth $465,000 after acquiring an additional 987 shares during the period. Institutional investors and hedge funds own 15.28% of the company’s stock.

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.