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

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 225,700 shares, a growth of 71.6% from the February 28th total of 131,500 shares. Based on an average trading volume of 800,400 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Nuveen Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Journey Strategic Wealth LLC boosted its holdings in shares of Nuveen Quality Municipal Income Fund by 2.0% in the 4th quarter. Journey Strategic Wealth LLC now owns 44,023 shares of the financial services provider’s stock worth $513,000 after acquiring an additional 864 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in Nuveen Quality Municipal Income Fund by 6.0% during the fourth quarter. Simon Quick Advisors LLC now owns 16,066 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 912 shares during the period. Bank of Montreal Can raised its stake in Nuveen Quality Municipal Income Fund by 3.5% during the 4th quarter. Bank of Montreal Can now owns 31,874 shares of the financial services provider’s stock worth $372,000 after buying an additional 1,064 shares during the period. Private Trust Co. NA raised its holdings in shares of Nuveen Quality Municipal Income Fund by 17.8% during the third quarter. Private Trust Co. NA now owns 7,267 shares of the financial services provider’s stock worth $90,000 after acquiring an additional 1,100 shares during the period. Finally, EP Wealth Advisors LLC raised its holdings in shares of Nuveen Quality Municipal Income Fund by 8.8% in the fourth quarter. EP Wealth Advisors LLC now owns 14,716 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 1,186 shares during the last quarter.

Nuveen Quality Municipal Income Fund Stock Performance

NYSE NAD traded up $0.02 on Friday, reaching $11.42. 504,506 shares of the stock traded hands, compared to its average volume of 757,342. Nuveen Quality Municipal Income Fund has a 12 month low of $10.84 and a 12 month high of $12.47. The firm’s fifty day simple moving average is $11.75 and its 200 day simple moving average is $11.93.

Nuveen Quality Municipal Income Fund Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.91 dividend on an annualized basis and a yield of 7.94%.

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.