Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Down 15.9% in December

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 13,200 shares, a decline of 15.9% from the December 15th total of 15,700 shares. Based on an average trading volume of 35,400 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen Arizona Quality Municipal Income Fund Price Performance

NAZ opened at $12.11 on Friday. The company’s 50 day simple moving average is $11.91 and its two-hundred day simple moving average is $11.74. Nuveen Arizona Quality Municipal Income Fund has a 1-year low of $10.52 and a 1-year high of $13.33.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a $0.0725 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.87 annualized dividend and a dividend yield of 7.18%.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock worth $1,114,000 after acquiring an additional 1,072 shares during the period. Whitebox Advisors LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund during the second quarter worth about $405,000. Commonwealth Equity Services LLC raised its stake in Nuveen Arizona Quality Municipal Income Fund by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock worth $299,000 after purchasing an additional 1,052 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 50.4% in the 3rd quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock valued at $293,000 after buying an additional 8,305 shares during the period. Institutional investors and hedge funds own 15.28% of the company’s stock.

Nuveen Arizona Quality Municipal Income Fund Company Profile

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years.