Nuveen Quality Municipal Income Fund (NYSE:NAD) Short Interest Down 29.9% in February

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 131,500 shares, a decline of 29.9% from the February 13th total of 187,700 shares. Based on an average daily volume of 830,100 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

Institutional investors have recently bought and sold shares of the company. WASHINGTON TRUST Co bought a new stake in Nuveen Quality Municipal Income Fund in the 4th quarter valued at approximately $26,000. Hurley Capital LLC bought a new stake in Nuveen Quality Municipal Income Fund in the 4th quarter valued at approximately $28,000. Minot DeBlois Advisors LLC bought a new stake in Nuveen Quality Municipal Income Fund in the 4th quarter valued at approximately $35,000. FSA Wealth Management LLC bought a new stake in Nuveen Quality Municipal Income Fund in the 3rd quarter valued at approximately $37,000. Finally, JPMorgan Chase & Co. lifted its stake in Nuveen Quality Municipal Income Fund by 2,211.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,606 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 3,450 shares in the last quarter.

Nuveen Quality Municipal Income Fund Trading Down 0.6 %

Shares of NYSE:NAD traded down $0.07 during trading on Tuesday, hitting $11.54. 337,620 shares of the company’s stock traded hands, compared to its average volume of 745,262. Nuveen Quality Municipal Income Fund has a 52 week low of $10.84 and a 52 week high of $13.42. The company has a 50-day moving average price of $11.78 and a 200-day moving average price of $11.96.

Nuveen Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0755 per share. This represents a $0.91 annualized dividend and a dividend yield of 7.85%. The ex-dividend date is Friday, March 14th.

About Nuveen Quality Municipal Income Fund

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.