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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 26,900 shares, an increase of 100.7% from the January 31st total of 13,400 shares. Based on an average daily volume of 28,300 shares, the short-interest ratio is currently 1.0 days.

Nuveen Arizona Quality Municipal Income Fund Stock Up 0.4 %

Shares of NAZ traded up $0.05 during midday trading on Monday, reaching $12.75. 8,695 shares of the stock were exchanged, compared to its average volume of 20,649. The firm has a 50 day simple moving average of $12.09 and a 200-day simple moving average of $11.95. Nuveen Arizona Quality Municipal Income Fund has a 12-month low of $10.52 and a 12-month high of $13.33.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.0725 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Several large investors have recently added to or reduced their stakes in NAZ. Brooklyn FI LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 4th quarter valued at $954,000. Raymond James Financial Inc. bought a new position in Nuveen Arizona Quality Municipal Income Fund during the fourth quarter valued at about $472,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the fourth quarter worth about $329,000. Stifel Financial Corp boosted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 54.1% during the 4th quarter. Stifel Financial Corp now owns 38,208 shares of the investment management company’s stock worth $435,000 after acquiring an additional 13,419 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 7.2% in the 4th quarter. Wells Fargo & Company MN now owns 144,093 shares of the investment management company’s stock valued at $1,639,000 after acquiring an additional 9,618 shares in the last quarter. 15.28% of the stock is owned by institutional investors.

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.