Nuveen Taxable Municipal Income Fund (NYSE:NBB) Sees Large Increase in Short Interest

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 trading volume of 85,300 shares, the days-to-cover ratio is currently 1.3 days.

Nuveen Taxable Municipal Income Fund Trading Down 0.7 %

Shares of NYSE NBB traded down $0.11 during trading on Wednesday, reaching $16.10. 35,116 shares of the stock were exchanged, compared to its average volume of 68,455. Nuveen Taxable Municipal Income Fund has a twelve month low of $14.52 and a twelve month high of $17.31. The business’s 50-day moving average price is $15.67 and its 200 day moving average price is $16.08.

Nuveen Taxable Municipal Income Fund Dividend Announcement

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

Institutional Investors Weigh In On Nuveen Taxable Municipal Income Fund

Institutional investors have recently made changes to their positions in the company. Bruce G. Allen Investments LLC increased its position in Nuveen Taxable Municipal Income Fund by 2.7% in the 4th quarter. Bruce G. Allen Investments LLC now owns 54,881 shares of the company’s stock valued at $822,000 after acquiring an additional 1,442 shares during the period. Riverbridge Partners LLC raised its stake in shares of Nuveen Taxable Municipal Income Fund by 3.6% during the fourth quarter. Riverbridge Partners LLC now owns 44,278 shares of the company’s stock valued at $663,000 after purchasing an additional 1,520 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Nuveen Taxable Municipal Income Fund by 3.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 46,865 shares of the company’s stock worth $702,000 after purchasing an additional 1,658 shares during the period. Baird Financial Group Inc. grew its position in Nuveen Taxable Municipal Income Fund by 2.1% in the 4th quarter. Baird Financial Group Inc. now owns 151,705 shares of the company’s stock valued at $2,273,000 after buying an additional 3,126 shares in the last quarter. Finally, Advisory Services Network LLC lifted its stake in shares of Nuveen Taxable Municipal Income Fund by 9.4% in the 4th quarter. Advisory Services Network LLC now owns 40,800 shares of the company’s stock worth $611,000 after acquiring an additional 3,500 shares during the period.

About Nuveen Taxable Municipal Income Fund

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.