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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 214,000 shares, a growth of 54.4% from the November 30th total of 138,600 shares. Based on an average trading volume of 529,000 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen California Quality Municipal Income Fund Trading Down 0.8 %

Shares of NYSE NAC traded down $0.09 during mid-day trading on Friday, hitting $11.17. 559,227 shares of the company traded hands, compared to its average volume of 424,768. Nuveen California Quality Municipal Income Fund has a 1 year low of $10.60 and a 1 year high of $12.03. The business has a 50 day moving average of $11.49 and a two-hundred day moving average of $11.63.

Nuveen California Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.0735 per share. This represents a $0.88 dividend on an annualized basis and a yield of 7.90%. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NAC. Pacific Wealth Strategies Group Inc. lifted its position in shares of Nuveen California Quality Municipal Income Fund by 15.4% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 73,224 shares of the company’s stock valued at $871,000 after acquiring an additional 9,745 shares in the last quarter. CWM LLC raised its stake in Nuveen California Quality Municipal Income Fund by 253.9% during the 3rd quarter. CWM LLC now owns 7,018 shares of the company’s stock valued at $83,000 after purchasing an additional 5,035 shares during the period. Whittier Trust Co. lifted its holdings in shares of Nuveen California Quality Municipal Income Fund by 15.0% in the third quarter. Whittier Trust Co. now owns 118,481 shares of the company’s stock valued at $1,409,000 after purchasing an additional 15,440 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Nuveen California Quality Municipal Income Fund in the second quarter worth $660,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Nuveen California Quality Municipal Income Fund during the second quarter valued at $82,000.

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.