Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Sees Large Decline in Short Interest

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

Nuveen Arizona Quality Municipal Income Fund Price Performance

NAZ stock traded down $0.15 during midday trading on Friday, hitting $11.96. 18,848 shares of the company’s stock were exchanged, compared to its average volume of 33,130. Nuveen Arizona Quality Municipal Income Fund has a 1-year low of $10.52 and a 1-year high of $13.33. The business has a 50-day simple moving average of $11.91 and a two-hundred day simple moving average of $11.75.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently disclosed 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 is Wednesday, January 15th. This represents a $0.87 annualized dividend and a yield of 7.27%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NAZ. Commonwealth Equity Services LLC raised its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 4.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock valued at $299,000 after acquiring an additional 1,052 shares during the period. Whitebox Advisors LLC purchased a new stake in Nuveen Arizona Quality Municipal Income Fund in the second quarter valued at approximately $405,000. Cetera Investment Advisers lifted its stake in Nuveen Arizona Quality Municipal Income Fund by 1.1% during the second quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock worth $1,114,000 after purchasing an additional 1,072 shares in the last quarter. Stifel Financial Corp lifted its stake in Nuveen Arizona Quality Municipal Income Fund by 50.4% during the third quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock worth $293,000 after purchasing an additional 8,305 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC boosted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 4.3% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 24,400 shares of the investment management company’s stock worth $278,000 after buying an additional 1,000 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.