Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Down 54.8% in February

Nuveen California Quality Municipal Income Fund (NYSE:NAC) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 64,000 shares, a drop of 54.8% from the February 13th total of 141,600 shares. Based on an average daily volume of 454,100 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Nuveen California Quality Municipal Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC bought a new stake in Nuveen California Quality Municipal Income Fund in the third quarter valued at approximately $119,000. CreativeOne Wealth LLC purchased a new stake in shares of Nuveen California Quality Municipal Income Fund during the third quarter worth about $128,000. Intellectus Partners LLC bought a new stake in shares of Nuveen California Quality Municipal Income Fund in the fourth quarter worth about $152,000. Perigon Wealth Management LLC lifted its holdings in Nuveen California Quality Municipal Income Fund by 9.2% in the 4th quarter. Perigon Wealth Management LLC now owns 16,568 shares of the company’s stock worth $185,000 after buying an additional 1,400 shares during the period. Finally, EP Wealth Advisors LLC grew its position in shares of Nuveen California Quality Municipal Income Fund by 15.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 17,552 shares of the company’s stock worth $209,000 after buying an additional 2,344 shares during the last quarter.

Nuveen California Quality Municipal Income Fund Price Performance

Nuveen California Quality Municipal Income Fund stock opened at $11.39 on Friday. The firm has a fifty day simple moving average of $11.37 and a two-hundred day simple moving average of $11.54. Nuveen California Quality Municipal Income Fund has a twelve month low of $10.60 and a twelve month high of $12.03.

Nuveen California Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.0735 per share. This represents a $0.88 annualized dividend and a yield of 7.75%. The ex-dividend date is Friday, March 14th.

About Nuveen California Quality Municipal Income Fund

Nuveen California 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 California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.