Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Down 15.9% in December

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 13,200 shares, a decrease of 15.9% from the December 15th total of 15,700 shares. Based on an average daily volume of 35,400 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Several institutional investors have recently added to or reduced their stakes in NAZ. Stifel Financial Corp boosted its position in shares of 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 buying an additional 8,305 shares during the period. Commonwealth Equity Services LLC raised its holdings 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 buying an additional 1,052 shares during the period. Whitebox Advisors LLC acquired a new position in Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter worth about $405,000. Finally, Cetera Investment Advisers boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 1.1% during the 2nd 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 period. Institutional investors and hedge funds own 15.28% of the company’s stock.

Nuveen Arizona Quality Municipal Income Fund Stock Up 0.2 %

NYSE NAZ opened at $12.11 on Friday. The firm’s 50-day moving average is $11.91 and its two-hundred day moving average is $11.74. Nuveen Arizona Quality Municipal Income Fund has a 12 month low of $10.52 and a 12 month high of $13.33.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a dividend of $0.0725 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.18%.

About Nuveen Arizona Quality Municipal Income Fund

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.