Nuveen Quality Municipal Income Fund (NYSE:NAD) Short Interest Update

Nuveen Quality Municipal Income Fund (NYSE:NAD) saw a significant increase in short interest during the month of 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 trading volume, of 828,300 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen Quality Municipal Income Fund Price Performance

NAD opened at $11.89 on Thursday. The company’s 50 day moving average is $11.77 and its 200 day moving average is $11.98. Nuveen Quality Municipal Income Fund has a 12-month low of $10.84 and a 12-month high of $12.47.

Nuveen Quality Municipal Income Fund Announces Dividend

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

Hedge Funds Weigh In On Nuveen Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in NAD. Comprehensive Money Management Services LLC purchased a new position in Nuveen Quality Municipal Income Fund during the fourth quarter valued at approximately $117,000. B. Riley Wealth Advisors Inc. lifted its holdings in Nuveen Quality Municipal Income Fund by 78.3% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 29,225 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 12,835 shares in the last quarter. Ameriflex Group Inc. purchased a new position in Nuveen Quality Municipal Income Fund during the fourth quarter valued at approximately $53,000. Cornerstone Advisory LLC lifted its holdings in Nuveen Quality Municipal Income Fund by 82.2% during the fourth quarter. Cornerstone Advisory LLC now owns 357,746 shares of the financial services provider’s stock valued at $4,254,000 after purchasing an additional 161,384 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC purchased a new position in Nuveen Quality Municipal Income Fund during the fourth quarter valued at approximately $2,192,000.

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.