Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Update

Nuveen California Quality Municipal Income Fund (NYSE:NAC) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 122,800 shares, a decline of 42.6% from the December 31st total of 214,000 shares. Based on an average daily trading volume, of 531,400 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Nuveen California Quality Municipal Income Fund

A number of hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in shares of Nuveen California Quality Municipal Income Fund in the 2nd quarter valued at approximately $145,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Nuveen California Quality Municipal Income Fund in the 2nd quarter valued at $82,000. EP Wealth Advisors LLC increased its stake in shares of Nuveen California Quality Municipal Income Fund by 9.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 15,208 shares of the company’s stock valued at $175,000 after acquiring an additional 1,281 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Nuveen California Quality Municipal Income Fund in the 2nd quarter valued at $660,000. Finally, Ignite Planners LLC increased its stake in shares of Nuveen California Quality Municipal Income Fund by 23.4% in the 3rd quarter. Ignite Planners LLC now owns 264,034 shares of the company’s stock valued at $3,139,000 after acquiring an additional 50,036 shares in the last quarter.

Nuveen California Quality Municipal Income Fund Stock Up 0.4 %

NYSE:NAC traded up $0.05 during trading hours on Wednesday, hitting $11.26. The stock had a trading volume of 411,544 shares, compared to its average volume of 449,458. Nuveen California Quality Municipal Income Fund has a one year low of $10.60 and a one year high of $12.03. The business’s 50 day moving average is $11.39 and its 200-day moving average is $11.58.

Nuveen California Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0735 per share. This represents a $0.88 annualized dividend and a yield of 7.84%. The ex-dividend date is Wednesday, January 15th.

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.