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

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

Nuveen Arizona Quality Municipal Income Fund Stock Up 0.2 %

Shares of NYSE NAZ traded up $0.03 during trading hours on Thursday, hitting $12.11. The company’s stock had a trading volume of 21,155 shares, compared to its average volume of 22,396. Nuveen Arizona Quality Municipal Income Fund has a 12 month low of $10.52 and a 12 month high of $13.33. The business has a 50-day simple moving average of $11.90 and a 200-day simple moving average of $11.74.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a $0.0725 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.18%.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its position in Nuveen Arizona Quality Municipal Income Fund by 4.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock valued at $299,000 after purchasing an additional 1,052 shares during the period. Whitebox Advisors LLC purchased a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the second quarter valued at about $405,000. Cetera Investment Advisers raised its stake in Nuveen Arizona Quality Municipal Income Fund by 1.1% in the second quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock worth $1,114,000 after buying an additional 1,072 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Nuveen Arizona Quality Municipal Income Fund by 50.4% in the third quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock worth $293,000 after buying an additional 8,305 shares during the period. Institutional investors 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.