Nuveen Taxable Municipal Income Fund (NYSE:NBB) Short Interest Down 55.4% in December

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 38,700 shares, a decline of 55.4% from the December 15th total of 86,800 shares. Based on an average daily volume of 94,600 shares, the short-interest ratio is currently 0.4 days.

Nuveen Taxable Municipal Income Fund Stock Up 0.6 %

Shares of NYSE NBB traded up $0.09 during trading on Thursday, hitting $15.42. The company had a trading volume of 54,856 shares, compared to its average volume of 92,776. Nuveen Taxable Municipal Income Fund has a 12 month low of $14.52 and a 12 month high of $17.31. The stock has a 50 day simple moving average of $15.72 and a 200 day simple moving average of $16.09.

Nuveen Taxable Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0965 per share. This represents a $1.16 annualized dividend and a yield of 7.51%. The ex-dividend date of this dividend is Wednesday, January 15th.

Hedge Funds Weigh In On Nuveen Taxable Municipal Income Fund

Hedge funds have recently modified their holdings of the company. Captrust Financial Advisors purchased a new position in shares of Nuveen Taxable Municipal Income Fund during the 3rd quarter valued at $194,000. Jane Street Group LLC bought a new stake in Nuveen Taxable Municipal Income Fund during the third quarter valued at about $240,000. Bayshore Asset Management LLC purchased a new position in shares of Nuveen Taxable Municipal Income Fund in the fourth quarter valued at about $516,000. Commonwealth Equity Services LLC boosted its stake in shares of Nuveen Taxable Municipal Income Fund by 4.6% in the second quarter. Commonwealth Equity Services LLC now owns 44,973 shares of the company’s stock worth $698,000 after acquiring an additional 1,971 shares during the period. Finally, Bruce G. Allen Investments LLC grew its position in shares of Nuveen Taxable Municipal Income Fund by 1.4% during the third quarter. Bruce G. Allen Investments LLC now owns 53,439 shares of the company’s stock worth $888,000 after purchasing an additional 736 shares in the last quarter.

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.