Nuveen Quality Municipal Income Fund (NYSE:NAD) Sees Large Growth in Short Interest

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 187,700 shares, an increase of 36.0% from the January 31st total of 138,000 shares. Based on an average daily volume of 828,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Avior Wealth Management LLC raised its stake in shares of Nuveen Quality Municipal Income Fund by 1.5% in the third quarter. Avior Wealth Management LLC now owns 121,506 shares of the financial services provider’s stock worth $1,504,000 after purchasing an additional 1,762 shares during the last quarter. Pathstone Holdings LLC grew its holdings in Nuveen Quality Municipal Income Fund by 16.4% during the third quarter. Pathstone Holdings LLC now owns 1,794,711 shares of the financial services provider’s stock worth $22,219,000 after acquiring an additional 252,384 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Nuveen Quality Municipal Income Fund by 8.6% during the third quarter. Oppenheimer & Co. Inc. now owns 72,659 shares of the financial services provider’s stock worth $900,000 after acquiring an additional 5,766 shares during the period. OneDigital Investment Advisors LLC grew its holdings in Nuveen Quality Municipal Income Fund by 13.3% during the third quarter. OneDigital Investment Advisors LLC now owns 54,310 shares of the financial services provider’s stock worth $672,000 after acquiring an additional 6,367 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Nuveen Quality Municipal Income Fund by 10.8% during the third quarter. Janney Montgomery Scott LLC now owns 120,904 shares of the financial services provider’s stock worth $1,497,000 after acquiring an additional 11,797 shares during the period.

Nuveen Quality Municipal Income Fund Stock Performance

Shares of NYSE:NAD opened at $11.96 on Tuesday. Nuveen Quality Municipal Income Fund has a 52-week low of $10.84 and a 52-week high of $12.47. The business has a 50-day moving average price of $11.75 and a 200-day moving average price of $11.98.

Nuveen Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.0755 dividend. This represents a $0.91 annualized dividend and a dividend yield of 7.58%. The ex-dividend date was Friday, February 14th.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.