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

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 140,500 shares, a decrease of 16.9% from the December 15th total of 169,000 shares. Based on an average daily volume of 855,900 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Nuveen Quality Municipal Income Fund

Institutional investors have recently made changes to their positions in the company. Pathstone Holdings LLC lifted its position in shares of Nuveen Quality Municipal Income Fund by 16.4% during the third quarter. Pathstone Holdings LLC now owns 1,794,711 shares of the financial services provider’s stock valued at $22,219,000 after purchasing an additional 252,384 shares in the last quarter. Bayshore Asset Management LLC purchased a new stake in Nuveen Quality Municipal Income Fund in the 3rd quarter valued at about $2,315,000. Congress Park Capital LLC lifted its position in shares of Nuveen Quality Municipal Income Fund by 52.5% during the 3rd quarter. Congress Park Capital LLC now owns 404,250 shares of the financial services provider’s stock worth $5,005,000 after buying an additional 139,250 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Nuveen Quality Municipal Income Fund by 2,797.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 118,146 shares of the financial services provider’s stock worth $1,463,000 after buying an additional 114,068 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of Nuveen Quality Municipal Income Fund by 134.1% in the third quarter. Sanctuary Advisors LLC now owns 182,888 shares of the financial services provider’s stock valued at $2,211,000 after acquiring an additional 104,773 shares in the last quarter.

Nuveen Quality Municipal Income Fund Stock Down 0.2 %

Shares of NAD stock traded down $0.03 during trading hours on Thursday, reaching $11.63. The company had a trading volume of 661,791 shares, compared to its average volume of 818,039. The business has a fifty day simple moving average of $11.90 and a 200-day simple moving average of $11.99. Nuveen Quality Municipal Income Fund has a 12 month low of $10.84 and a 12 month high of $12.47.

Nuveen Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0755 per share. This represents a $0.91 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date is Wednesday, January 15th.

About Nuveen Quality Municipal Income Fund

Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.