Nuveen Taxable Municipal Income Fund (NYSE:NBB) Short Interest Down 55.4% in December

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 38,700 shares, a decrease of 55.4% from the December 15th total of 86,800 shares. Based on an average trading volume of 94,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Nuveen Taxable Municipal Income Fund

Several hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors bought a new stake in Nuveen Taxable Municipal Income Fund during the third quarter worth approximately $194,000. Jane Street Group LLC bought a new position in shares of Nuveen Taxable Municipal Income Fund during the 3rd quarter valued at approximately $240,000. Bayshore Asset Management LLC purchased a new stake in Nuveen Taxable Municipal Income Fund during the 4th quarter valued at $516,000. Commonwealth Equity Services LLC lifted its position in Nuveen Taxable Municipal Income Fund by 4.6% in the second quarter. Commonwealth Equity Services LLC now owns 44,973 shares of the company’s stock worth $698,000 after buying an additional 1,971 shares during the last quarter. Finally, Bruce G. Allen Investments LLC boosted its stake in Nuveen Taxable Municipal Income Fund by 1.4% during the third quarter. Bruce G. Allen Investments LLC now owns 53,439 shares of the company’s stock worth $888,000 after buying an additional 736 shares during the period.

Nuveen Taxable Municipal Income Fund Trading Up 0.6 %

NBB traded up $0.09 during trading hours on Thursday, hitting $15.42. The company’s stock had a trading volume of 54,856 shares, compared to its average volume of 92,776. Nuveen Taxable Municipal Income Fund has a 12 month low of $14.52 and a 12 month high of $17.31. The business’s 50-day moving average price is $15.72 and its 200-day moving average price is $16.09.

Nuveen Taxable Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0965 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.51%.

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.