Nuveen Taxable Municipal Income Fund (NYSE:NBB) Short Interest Update

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 22,932 shares, a drop of 62.3% from the June 15th total of 60,853 shares. Based on an average daily volume of 68,507 shares, the short-interest ratio is currently 0.3 days.

Nuveen Taxable Municipal Income Fund Trading Up 0.1%

NYSE:NBB traded up $0.01 during midday trading on Tuesday, reaching $15.58. 25,554 shares of the stock traded hands, compared to its average volume of 56,120. The company has a fifty day moving average of $15.70 and a 200 day moving average of $15.81. Nuveen Taxable Municipal Income Fund has a 12 month low of $14.95 and a 12 month high of $16.62.

Nuveen Taxable Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a $0.0965 dividend. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Wednesday, July 15th.

Hedge Funds Weigh In On Nuveen Taxable Municipal Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in shares of Nuveen Taxable Municipal Income Fund by 7.2% during the first quarter. Integrated Wealth Concepts LLC now owns 17,951 shares of the company’s stock worth $288,000 after purchasing an additional 1,203 shares during the period. NewEdge Advisors LLC increased its holdings in Nuveen Taxable Municipal Income Fund by 12.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,629 shares of the company’s stock valued at $202,000 after purchasing an additional 1,438 shares during the period. First Trust Advisors LP raised its position in Nuveen Taxable Municipal Income Fund by 7.2% during the 2nd quarter. First Trust Advisors LP now owns 54,069 shares of the company’s stock valued at $855,000 after purchasing an additional 3,614 shares during the last quarter. Baird Financial Group Inc. raised its position in Nuveen Taxable Municipal Income Fund by 0.7% during the 2nd quarter. Baird Financial Group Inc. now owns 153,486 shares of the company’s stock valued at $2,428,000 after purchasing an additional 1,005 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Nuveen Taxable Municipal Income Fund by 4.0% in the 2nd quarter. Raymond James Financial Inc. now owns 1,038,710 shares of the company’s stock worth $16,432,000 after buying an additional 39,505 shares during the period.

Nuveen Taxable Municipal Income Fund Company Profile

The Nuveen Taxable Municipal Income Fund (NYSE:NBB) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. Established in 2008 and managed by Nuveen Asset Management LLC, the fund primarily invests in investment-grade municipal debt obligations. Its shares are traded on the New York Stock Exchange under the ticker symbol NBB.

NBB’s investment strategy focuses on taxable municipal securities, including pre-refunded and unrated obligations, issued by U.S.