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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 320,700 shares, a growth of 401.1% from the February 28th total of 64,000 shares. Based on an average daily volume of 430,300 shares, the short-interest ratio is currently 0.7 days.

Nuveen California Quality Municipal Income Fund Trading Down 0.6 %

Shares of NYSE NAC traded down $0.07 during mid-day trading on Thursday, reaching $11.19. The company had a trading volume of 416,310 shares, compared to its average volume of 453,330. Nuveen California Quality Municipal Income Fund has a twelve month low of $10.60 and a twelve month high of $12.03. The stock’s 50 day moving average is $11.37 and its 200-day moving average is $11.51.

Nuveen California Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.0735 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.89%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Investors Weigh In On Nuveen California Quality Municipal Income Fund

Several institutional investors have recently made changes to their positions in the company. Robinson Capital Management LLC raised its position in Nuveen California Quality Municipal Income Fund by 33.5% during the fourth quarter. Robinson Capital Management LLC now owns 814,746 shares of the company’s stock valued at $9,198,000 after acquiring an additional 204,350 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Nuveen California Quality Municipal Income Fund by 25.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 850,736 shares of the company’s stock worth $10,115,000 after purchasing an additional 171,428 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Nuveen California Quality Municipal Income Fund during the 4th quarter valued at $1,863,000. Bank of America Corp DE lifted its stake in shares of Nuveen California Quality Municipal Income Fund by 54.6% in the 4th quarter. Bank of America Corp DE now owns 467,107 shares of the company’s stock valued at $5,274,000 after purchasing an additional 164,927 shares during the last quarter. Finally, Atala Financial Inc bought a new stake in Nuveen California Quality Municipal Income Fund in the fourth quarter worth $1,617,000.

Nuveen California Quality Municipal Income Fund Company Profile

Nuveen California 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 California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.