Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Sees Significant Decrease in Short Interest

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 13,500 shares, a decline of 41.0% from the February 13th total of 22,900 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 29,400 shares, the short-interest ratio is presently 0.5 days.

Nuveen Municipal Income Fund Stock Performance

Shares of NYSE NMI opened at $9.79 on Friday. Nuveen Municipal Income Fund has a 12 month low of $9.11 and a 12 month high of $10.30. The company has a 50 day simple moving average of $9.76 and a two-hundred day simple moving average of $9.78.

Nuveen Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.038 per share. This represents a $0.46 annualized dividend and a yield of 4.66%. The ex-dividend date is Friday, March 14th.

Institutional Trading of Nuveen Municipal Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. South Plains Financial Inc. acquired a new stake in Nuveen Municipal Income Fund during the 4th quarter valued at approximately $36,000. OneDigital Investment Advisors LLC lifted its stake in shares of Nuveen Municipal Income Fund by 80.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 22,250 shares of the company’s stock valued at $223,000 after purchasing an additional 9,925 shares during the period. WESPAC Advisors LLC acquired a new position in shares of Nuveen Municipal Income Fund in the 4th quarter valued at $94,000. Janney Montgomery Scott LLC acquired a new position in shares of Nuveen Municipal Income Fund in the 4th quarter valued at $109,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Nuveen Municipal Income Fund by 27.9% in the 4th quarter. Jones Financial Companies Lllp now owns 192,296 shares of the company’s stock valued at $1,810,000 after purchasing an additional 41,907 shares during the period. 16.57% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Municipal Income Fund

Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.