Short Interest in Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Rises By 1,185.7%

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZGet Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 9,000 shares, an increase of 1,185.7% from the January 15th total of 700 shares. Based on an average daily volume of 27,000 shares, the short-interest ratio is currently 0.3 days.

Nuveen Arizona Quality Municipal Income Fund Price Performance

NAZ opened at $10.91 on Tuesday. Nuveen Arizona Quality Municipal Income Fund has a 1 year low of $9.22 and a 1 year high of $12.01. The stock has a fifty day moving average price of $10.77 and a 200 day moving average price of $10.29.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.035 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.85%.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 75.0% in the second quarter. Royal Bank of Canada now owns 10,500 shares of the investment management company’s stock worth $113,000 after purchasing an additional 4,500 shares during the period. Stifel Financial Corp bought a new position in Nuveen Arizona Quality Municipal Income Fund during the second quarter valued at about $115,000. Goldman Sachs Group Inc. bought a new position in Nuveen Arizona Quality Municipal Income Fund during the second quarter valued at about $154,000. Kestra Advisory Services LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund during the second quarter valued at about $152,000. Finally, Alesco Advisors LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund during the fourth quarter valued at about $153,000. 10.57% of the stock is currently owned by institutional investors.

About Nuveen Arizona Quality Municipal Income Fund

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Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years.

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