Nuveen Taxable Municipal Income Fund (NYSE:NBB) Short Interest Update

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 57,900 shares, a decrease of 47.8% from the February 13th total of 110,900 shares. Based on an average trading volume of 81,800 shares, the short-interest ratio is presently 0.7 days.

Nuveen Taxable Municipal Income Fund Price Performance

NYSE:NBB traded down $0.08 during mid-day trading on Friday, reaching $15.81. 43,160 shares of the company’s stock were exchanged, compared to its average volume of 79,122. Nuveen Taxable Municipal Income Fund has a one year low of $14.52 and a one year high of $17.31. The business’s fifty day simple moving average is $15.81 and its two-hundred day simple moving average is $16.05.

Nuveen Taxable Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued 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 7.33%.

Institutional Investors Weigh In On Nuveen Taxable Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NBB. Sit Investment Associates Inc. grew its position in Nuveen Taxable Municipal Income Fund by 4.7% during the fourth quarter. Sit Investment Associates Inc. now owns 3,695,781 shares of the company’s stock worth $55,363,000 after buying an additional 166,303 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Nuveen Taxable Municipal Income Fund during the 4th quarter worth $12,659,000. Eagle Bluffs Wealth Management LLC increased its position in shares of Nuveen Taxable Municipal Income Fund by 46.4% in the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 658,538 shares of the company’s stock worth $9,865,000 after purchasing an additional 208,822 shares during the period. Invesco Ltd. raised its stake in Nuveen Taxable Municipal Income Fund by 7.4% in the fourth quarter. Invesco Ltd. now owns 312,217 shares of the company’s stock valued at $4,677,000 after purchasing an additional 21,446 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Nuveen Taxable Municipal Income Fund by 15.1% during the fourth quarter. Ameriprise Financial Inc. now owns 233,662 shares of the company’s stock worth $3,493,000 after purchasing an additional 30,702 shares during the period.

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.