Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Update

Nuveen California Quality Municipal Income Fund (NYSE:NAC) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 90,000 shares, a drop of 20.5% from the October 15th total of 113,200 shares. Based on an average trading volume of 516,700 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Nuveen California Quality Municipal Income Fund

Several large investors have recently added to or reduced their stakes in NAC. XTX Topco Ltd raised its holdings in shares of Nuveen California Quality Municipal Income Fund by 142.8% in the 3rd quarter. XTX Topco Ltd now owns 30,451 shares of the company’s stock valued at $362,000 after acquiring an additional 17,911 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of Nuveen California Quality Municipal Income Fund by 15.4% in the third quarter. EP Wealth Advisors LLC now owns 17,552 shares of the company’s stock worth $209,000 after purchasing an additional 2,344 shares during the last quarter. Stifel Financial Corp raised its stake in Nuveen California Quality Municipal Income Fund by 12.2% in the third quarter. Stifel Financial Corp now owns 37,984 shares of the company’s stock valued at $452,000 after purchasing an additional 4,128 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Nuveen California Quality Municipal Income Fund by 25.2% during the third quarter. Rockefeller Capital Management L.P. now owns 850,736 shares of the company’s stock valued at $10,115,000 after purchasing an additional 171,428 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in Nuveen California Quality Municipal Income Fund in the 3rd quarter worth approximately $634,000.

Nuveen California Quality Municipal Income Fund Stock Performance

Shares of NYSE:NAC traded down $0.04 during midday trading on Friday, reaching $11.40. 400,851 shares of the company traded hands, compared to its average volume of 412,347. The firm’s fifty day moving average price is $11.72 and its two-hundred day moving average price is $11.54. Nuveen California Quality Municipal Income Fund has a 12 month low of $10.24 and a 12 month high of $12.03.

Nuveen California Quality Municipal Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.0735 per share. This represents a $0.88 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date is Friday, November 15th. This is a positive change from Nuveen California Quality Municipal Income Fund’s previous monthly dividend of $0.07.

About Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.