Short Interest in Nuveen Taxable Municipal Income Fund (NYSE:NBB) Expands By 36.2%

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 110,900 shares, a growth of 36.2% from the January 31st total of 81,400 shares. Based on an average daily trading volume, of 85,300 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On Nuveen Taxable Municipal Income Fund

Several institutional investors have recently added to or reduced their stakes in NBB. Raymond James Financial Inc. purchased a new position in Nuveen Taxable Municipal Income Fund during the 4th quarter valued at approximately $12,659,000. Eagle Bluffs Wealth Management LLC boosted its holdings in shares of Nuveen Taxable Municipal Income Fund by 46.4% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 658,538 shares of the company’s stock worth $9,865,000 after purchasing an additional 208,822 shares during the period. Sit Investment Associates Inc. boosted its holdings in shares of Nuveen Taxable Municipal Income Fund by 4.7% in the 4th quarter. Sit Investment Associates Inc. now owns 3,695,781 shares of the company’s stock worth $55,363,000 after purchasing an additional 166,303 shares during the period. Broyhill Asset Management purchased a new position in shares of Nuveen Taxable Municipal Income Fund in the 4th quarter worth approximately $1,624,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Nuveen Taxable Municipal Income Fund by 1,561.0% in the 3rd quarter. International Assets Investment Management LLC now owns 101,670 shares of the company’s stock worth $1,689,000 after purchasing an additional 95,549 shares during the period.

Nuveen Taxable Municipal Income Fund Stock Performance

NYSE NBB opened at $16.10 on Thursday. The business has a 50 day simple moving average of $15.69 and a two-hundred day simple moving average of $16.08. Nuveen Taxable Municipal Income Fund has a 1-year low of $14.52 and a 1-year high of $17.31.

Nuveen Taxable Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.0965 per share. This represents a $1.16 annualized dividend and a yield of 7.19%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen Taxable Municipal Income Fund Company Profile

Nuveen Taxable 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 also invests some portion of its portfolio in derivative instruments.