Short Interest in Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Expands By 100.7%

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 26,900 shares, an increase of 100.7% from the January 31st total of 13,400 shares. Based on an average daily volume of 28,300 shares, the days-to-cover ratio is currently 1.0 days.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

Shares of NAZ traded up $0.08 during mid-day trading on Friday, hitting $12.71. 7,680 shares of the company’s stock were exchanged, compared to its average volume of 21,102. The firm has a fifty day moving average of $12.09 and a two-hundred day moving average of $11.94. Nuveen Arizona Quality Municipal Income Fund has a twelve month low of $10.52 and a twelve month high of $13.33.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.0725 per share. This represents a $0.87 annualized dividend and a dividend yield of 6.85%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Several large investors have recently modified their holdings of the company. Brooklyn FI LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the 4th quarter worth $954,000. Ameriflex Group Inc. bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the 4th quarter worth $53,000. Western Wealth Management LLC boosted its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 2.5% during the 4th quarter. Western Wealth Management LLC now owns 40,876 shares of the investment management company’s stock worth $465,000 after buying an additional 987 shares during the period. Cetera Investment Advisers boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 1.8% in the 4th quarter. Cetera Investment Advisers now owns 103,389 shares of the investment management company’s stock valued at $1,176,000 after purchasing an additional 1,787 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 54.1% in the 4th quarter. Stifel Financial Corp now owns 38,208 shares of the investment management company’s stock valued at $435,000 after purchasing an additional 13,419 shares during the period. 15.28% of the stock is owned by institutional investors.

Nuveen Arizona Quality Municipal Income Fund Company Profile

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.