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

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 187,700 shares, an increase of 36.0% from the January 31st total of 138,000 shares. Based on an average daily volume of 828,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NAD. Comprehensive Money Management Services LLC bought a new position in Nuveen Quality Municipal Income Fund in the fourth quarter valued at about $117,000. B. Riley Wealth Advisors Inc. raised its holdings in Nuveen Quality Municipal Income Fund by 78.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 29,225 shares of the financial services provider’s stock valued at $341,000 after buying an additional 12,835 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in Nuveen Quality Municipal Income Fund during the 4th quarter worth approximately $53,000. Cornerstone Advisory LLC grew its holdings in Nuveen Quality Municipal Income Fund by 82.2% during the 4th quarter. Cornerstone Advisory LLC now owns 357,746 shares of the financial services provider’s stock worth $4,254,000 after acquiring an additional 161,384 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new position in Nuveen Quality Municipal Income Fund in the 4th quarter valued at approximately $2,192,000.

Nuveen Quality Municipal Income Fund Price Performance

Shares of Nuveen Quality Municipal Income Fund stock traded up $0.01 during trading on Wednesday, reaching $11.89. 713,356 shares of the company’s stock were exchanged, compared to its average volume of 699,199. Nuveen Quality Municipal Income Fund has a 1-year low of $10.84 and a 1-year high of $12.47. The firm’s 50-day moving average price is $11.77 and its 200 day moving average price is $11.98.

Nuveen Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.0755 per share. This represents a $0.91 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date is Friday, March 14th.

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.