Nuveen Quality Municipal Income Fund (NYSE:NAD) Stock Short Interest Report for September

by · The Markets Daily

Nuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 53,969 shares, a decline of 90.4% from the September 15th total of 562,042 shares. Based on an average daily trading volume, of 2,520,781 shares, the days-to-cover ratio is presently 0.0 days.

Nuveen Quality Municipal Income Fund Trading Up 1.0%

Shares of NYSE:NAD traded up $0.10 during midday trading on Friday, reaching $10.19. 1,481,144 shares of the company’s stock traded hands, compared to its average volume of 864,386. Nuveen Quality Municipal Income Fund has a 1 year low of $9.66 and a 1 year high of $12.31. The company has a fifty day simple moving average of $11.09 and a two-hundred day simple moving average of $11.54.

Nuveen Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.0705 per share. This represents a $0.85 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Trading of Nuveen Quality Municipal Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in Nuveen Quality Municipal Income Fund during the second quarter worth approximately $28,087,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Quality Municipal Income Fund by 48.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,373,096 shares of the financial services provider’s stock worth $16,642,000 after acquiring an additional 445,351 shares during the period. Van ECK Associates Corp boosted its position in shares of Nuveen Quality Municipal Income Fund by 16.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,288,803 shares of the financial services provider’s stock valued at $15,620,000 after acquiring an additional 178,327 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Nuveen Quality Municipal Income Fund by 7.0% in the first quarter. Royal Bank of Canada now owns 962,548 shares of the financial services provider’s stock valued at $11,070,000 after purchasing an additional 62,641 shares during the period. Finally, Eagle Bluffs Wealth Management LLC grew its holdings in shares of Nuveen Quality Municipal Income Fund by 7.6% in the first quarter. Eagle Bluffs Wealth Management LLC now owns 741,692 shares of the financial services provider’s stock valued at $8,582,000 after purchasing an additional 52,345 shares during the period.

About Nuveen Quality Municipal Income Fund

(Get Free Report)

Nuveen Quality Municipal Income Fund (NYSE: NAD) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities, public authorities and other governmental entities in the United States.

Its portfolio may include general obligation bonds, revenue bonds and other debt securities used to finance public services and infrastructure, such as transportation, education, utilities and health care facilities.

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