Nuveen Quality Municipal Income Fund (NYSE:NAD) Short Interest Up 71.6% in March

Nuveen Quality Municipal Income Fund (NYSE:NAD) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 225,700 shares, an increase of 71.6% from the February 28th total of 131,500 shares. Based on an average trading volume of 800,400 shares, the short-interest ratio is currently 0.3 days.

Nuveen Quality Municipal Income Fund Price Performance

NAD opened at $11.42 on Monday. The company’s 50 day simple moving average is $11.75 and its 200-day simple moving average is $11.93. Nuveen Quality Municipal Income Fund has a one year low of $10.84 and a one year high of $13.29.

Nuveen Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.0755 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.91 dividend on an annualized basis and a yield of 7.94%.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in NAD. WASHINGTON TRUST Co acquired a new position in shares of Nuveen Quality Municipal Income Fund during the 4th quarter worth about $26,000. Hurley Capital LLC bought a new stake in Nuveen Quality Municipal Income Fund in the fourth quarter valued at approximately $28,000. Minot DeBlois Advisors LLC acquired a new stake in Nuveen Quality Municipal Income Fund in the fourth quarter worth $35,000. FSA Wealth Management LLC bought a new position in shares of Nuveen Quality Municipal Income Fund during the third quarter worth $37,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of 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 buying an additional 3,450 shares during the period.

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.