Nuveen Taxable Municipal Income Fund (NYSE:NBB) Short Interest Down 53.7% in November

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 83,700 shares, a decrease of 53.7% from the November 15th total of 180,600 shares. Based on an average daily volume of 94,200 shares, the short-interest ratio is currently 0.9 days.

Nuveen Taxable Municipal Income Fund Trading Down 0.1 %

NBB traded down $0.01 on Friday, hitting $16.08. 42,449 shares of the stock traded hands, compared to its average volume of 75,944. The business has a fifty day moving average price of $16.14 and a two-hundred day moving average price of $16.08. Nuveen Taxable Municipal Income Fund has a 52 week low of $14.52 and a 52 week high of $17.31.

Nuveen Taxable Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.0965 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.16 dividend on an annualized basis and a yield of 7.20%.

Institutional Investors Weigh In On Nuveen Taxable Municipal Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of NBB. Jane Street Group LLC acquired a new stake in shares of Nuveen Taxable Municipal Income Fund during the 3rd quarter valued at about $240,000. Captrust Financial Advisors acquired a new stake in Nuveen Taxable Municipal Income Fund during the third quarter valued at approximately $194,000. Eagle Bluffs Wealth Management LLC grew its stake in shares of Nuveen Taxable Municipal Income Fund by 9.1% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 449,716 shares of the company’s stock valued at $7,513,000 after purchasing an additional 37,626 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Nuveen Taxable Municipal Income Fund by 1,561.0% in the 3rd quarter. International Assets Investment Management LLC now owns 101,670 shares of the company’s stock worth $1,689,000 after buying an additional 95,549 shares in the last quarter. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Nuveen Taxable Municipal Income Fund by 1.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 53,439 shares of the company’s stock worth $888,000 after buying an additional 736 shares during the period.

About Nuveen Taxable Municipal Income Fund

Nuveen Taxable 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 also invests some portion of its portfolio in derivative instruments.