Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Down 42.9% in January

Nuveen California Quality Municipal Income Fund (NYSE:NAC) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 72,200 shares, a drop of 42.9% from the January 15th total of 126,400 shares. Based on an average daily trading volume, of 495,000 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Nuveen California Quality Municipal Income Fund

Institutional investors have recently bought and sold shares of the stock. CWM LLC lifted its stake in Nuveen California Quality Municipal Income Fund by 253.9% during the third quarter. CWM LLC now owns 7,018 shares of the company’s stock valued at $83,000 after buying an additional 5,035 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Nuveen California Quality Municipal Income Fund during the third quarter valued at approximately $119,000. CreativeOne Wealth LLC acquired a new stake in shares of Nuveen California Quality Municipal Income Fund during the third quarter valued at approximately $128,000. Intellectus Partners LLC purchased a new stake in shares of Nuveen California Quality Municipal Income Fund in the 4th quarter valued at approximately $152,000. Finally, Perigon Wealth Management LLC raised its stake in Nuveen California Quality Municipal Income Fund by 9.2% during the 4th quarter. Perigon Wealth Management LLC now owns 16,568 shares of the company’s stock valued at $185,000 after purchasing an additional 1,400 shares during the period.

Nuveen California Quality Municipal Income Fund Price Performance

Shares of NYSE:NAC traded up $0.03 on Thursday, reaching $11.44. 166,362 shares of the company traded hands, compared to its average volume of 420,177. The company’s 50 day moving average is $11.36 and its 200-day moving average is $11.58. Nuveen California Quality Municipal Income Fund has a fifty-two week low of $10.60 and a fifty-two week high of $12.03.

Nuveen California Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.0735 per share. This represents a $0.88 annualized dividend and a dividend yield of 7.71%. The ex-dividend date of this dividend is Friday, February 14th.

About Nuveen California Quality Municipal Income Fund

Nuveen California 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 California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.