Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Up 66.3% in December

Nuveen California Quality Municipal Income Fund (NYSE:NAC) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 326,941 shares, an increase of 66.3% from the November 30th total of 196,621 shares. Based on an average daily volume of 615,757 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 615,757 shares, the days-to-cover ratio is presently 0.5 days.

Nuveen California Quality Municipal Income Fund Stock Up 0.0%

NYSE NAC traded up $0.01 during trading hours on Friday, hitting $11.79. The company had a trading volume of 506,289 shares, compared to its average volume of 456,847. Nuveen California Quality Municipal Income Fund has a 52 week low of $10.35 and a 52 week high of $12.25. The firm has a 50 day simple moving average of $11.87 and a 200 day simple moving average of $11.47.

Nuveen California Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.0735 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Monday, December 15th.

Institutional Trading of Nuveen California Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its position in Nuveen California Quality Municipal Income Fund by 36.5% during the third quarter. Ameriprise Financial Inc. now owns 161,246 shares of the company’s stock worth $1,854,000 after buying an additional 43,096 shares in the last quarter. Creative Planning raised its holdings in shares of Nuveen California Quality Municipal Income Fund by 286.4% in the 3rd quarter. Creative Planning now owns 73,908 shares of the company’s stock valued at $850,000 after acquiring an additional 54,780 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Nuveen California Quality Municipal Income Fund by 2.7% during the 3rd quarter. Raymond James Financial Inc. now owns 152,315 shares of the company’s stock valued at $1,752,000 after acquiring an additional 3,998 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Nuveen California Quality Municipal Income Fund during the 3rd quarter valued at about $482,000. Finally, Osaic Holdings Inc. grew its holdings in shares of Nuveen California Quality Municipal Income Fund by 34.6% during the second quarter. Osaic Holdings Inc. now owns 74,291 shares of the company’s stock worth $830,000 after purchasing an additional 19,110 shares in the last quarter.

Nuveen California Quality Municipal Income Fund Company Profile

Nuveen California Quality Municipal Income Fund (NYSE: NAC) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal and California state income taxes, with a secondary objective of capital appreciation. The fund primarily acquires a diversified portfolio of municipal securities issued by entities located in California, focusing on investment-grade bonds. These securities typically include general obligation bonds, revenue bonds and other taxable or tax-advantaged instruments that finance public projects such as transportation, education and utilities.

In managing the portfolio, the fund’s investment team applies rigorous credit research to identify issuers with strong balance sheets, stable revenue streams and manageable debt levels.