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

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 131,500 shares, a decrease of 29.9% from the February 13th total of 187,700 shares. Based on an average trading volume of 830,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Nuveen Quality Municipal Income Fund

Several hedge funds have recently made changes to their positions in NAD. Bramshill Investments LLC raised its stake in Nuveen Quality Municipal Income Fund by 16.1% in the 4th quarter. Bramshill Investments LLC now owns 4,237,821 shares of the financial services provider’s stock valued at $49,413,000 after acquiring an additional 588,021 shares during the period. Bank of America Corp DE increased its stake in shares of Nuveen Quality Municipal Income Fund by 12.6% in the fourth quarter. Bank of America Corp DE now owns 2,177,137 shares of the financial services provider’s stock worth $25,385,000 after purchasing an additional 243,658 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Nuveen Quality Municipal Income Fund in the fourth quarter worth about $21,625,000. Pathstone Holdings LLC raised its position in shares of Nuveen Quality Municipal Income Fund by 16.4% in the third quarter. Pathstone Holdings LLC now owns 1,794,711 shares of the financial services provider’s stock valued at $22,219,000 after purchasing an additional 252,384 shares during the period. Finally, Guggenheim Capital LLC lifted its stake in shares of Nuveen Quality Municipal Income Fund by 8.8% during the 4th quarter. Guggenheim Capital LLC now owns 1,152,946 shares of the financial services provider’s stock valued at $13,443,000 after buying an additional 93,338 shares in the last quarter.

Nuveen Quality Municipal Income Fund Trading Down 0.4 %

Shares of NAD stock traded down $0.05 during trading hours on Monday, hitting $11.62. 537,824 shares of the company were exchanged, compared to its average volume of 744,697. The firm has a fifty day simple moving average of $11.78 and a 200 day simple moving average of $11.96. Nuveen Quality Municipal Income Fund has a 52-week low of $10.84 and a 52-week high of $12.47.

Nuveen Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.0755 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date of this dividend is Friday, March 14th.

About Nuveen Quality Municipal Income Fund

Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.