Short Interest in Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Declines By 45.1%

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 43,919 shares, a decline of 45.1% from the June 15th total of 79,997 shares. Based on an average daily trading volume, of 19,056 shares, the short-interest ratio is presently 2.3 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its position in shares of Nuveen Arizona Quality Municipal Income Fund by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 169,885 shares of the investment management company’s stock valued at $2,018,000 after buying an additional 36,090 shares during the last quarter. LPL Financial LLC boosted its position in Nuveen Arizona Quality Municipal Income Fund by 129.0% during the fourth quarter. LPL Financial LLC now owns 120,906 shares of the investment management company’s stock worth $1,436,000 after acquiring an additional 68,109 shares during the last quarter. Cetera Investment Advisers grew its stake in Nuveen Arizona Quality Municipal Income Fund by 1.5% during the 1st quarter. Cetera Investment Advisers now owns 101,300 shares of the investment management company’s stock valued at $1,215,000 after acquiring an additional 1,542 shares in the last quarter. Western Wealth Management LLC purchased a new stake in Nuveen Arizona Quality Municipal Income Fund during the 1st quarter valued at about $627,000. Finally, Raymond James Financial Inc. raised its holdings in Nuveen Arizona Quality Municipal Income Fund by 8.1% in the 2nd quarter. Raymond James Financial Inc. now owns 51,009 shares of the investment management company’s stock valued at $596,000 after acquiring an additional 3,813 shares during the last quarter. Institutional investors and hedge funds own 15.28% of the company’s stock.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

Shares of NYSE NAZ traded down $0.13 during midday trading on Friday, hitting $12.46. The stock had a trading volume of 40,138 shares, compared to its average volume of 24,850. The stock has a 50 day simple moving average of $12.74 and a 200-day simple moving average of $12.40. Nuveen Arizona Quality Municipal Income Fund has a 1 year low of $11.50 and a 1 year high of $13.42.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a $0.062 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

About Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from regular U.S. federal income tax. Managed by Nuveen Asset Management, the fund focuses on investment-grade municipal obligations issued by or on behalf of entities located in the state of Arizona. Its portfolio typically includes general obligation bonds, revenue bonds and essential-purpose municipal securities backed by state and local governments and quasi-governmental agencies.

The fund employs fundamental credit analysis to select bonds that meet rigorous quality standards, aiming to preserve principal while generating tax-advantaged income.