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

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 140,500 shares, a decrease of 16.9% from the December 15th total of 169,000 shares. Based on an average daily volume of 855,900 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. increased its stake in shares of Nuveen Quality Municipal Income Fund by 27.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 14,382 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 3,129 shares in the last quarter. Maiden Cove Capital LLC boosted its holdings in Nuveen Quality Municipal Income Fund by 51.5% in the 4th quarter. Maiden Cove Capital LLC now owns 20,000 shares of the financial services provider’s stock worth $233,000 after buying an additional 6,800 shares during the period. Merit Financial Group LLC purchased a new position in Nuveen Quality Municipal Income Fund in the 4th quarter valued at approximately $132,000. Congress Park Capital LLC raised its holdings in Nuveen Quality Municipal Income Fund by 17.3% during the 4th quarter. Congress Park Capital LLC now owns 474,250 shares of the financial services provider’s stock valued at $5,530,000 after acquiring an additional 70,000 shares during the period. Finally, Park Avenue Securities LLC lifted its position in shares of Nuveen Quality Municipal Income Fund by 23.5% during the fourth quarter. Park Avenue Securities LLC now owns 306,857 shares of the financial services provider’s stock worth $3,578,000 after acquiring an additional 58,376 shares in the last quarter.

Nuveen Quality Municipal Income Fund Stock Performance

NYSE:NAD traded down $0.03 during trading hours on Thursday, reaching $11.63. The stock had a trading volume of 661,791 shares, compared to its average volume of 818,039. The stock has a 50 day simple moving average of $11.90 and a 200 day simple moving average of $11.99. 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 company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0755 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.91 annualized dividend and a dividend yield of 7.79%.

Nuveen Quality Municipal Income Fund Company Profile

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.