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

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 883,350 shares, a growth of 19.3% from the December 31st total of 740,560 shares. Based on an average daily volume of 741,324 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 741,324 shares, the days-to-cover ratio is presently 1.2 days.

Nuveen Quality Municipal Income Fund Trading Down 0.7%

Shares of NAD traded down $0.09 during midday trading on Wednesday, hitting $12.00. The company’s stock had a trading volume of 1,174,689 shares, compared to its average volume of 712,926. Nuveen Quality Municipal Income Fund has a one year low of $10.40 and a one year high of $12.28. The company’s fifty day simple moving average is $12.06 and its two-hundred day simple moving average is $11.76.

Nuveen Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a $0.0705 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

Insider Buying and Selling

In other news, major shareholder Of America Corp /De/ Bank purchased 6,374 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was bought at an average price of $12.01 per share, with a total value of $76,551.74. Following the acquisition, the insider owned 6,374 shares in the company, valued at approximately $76,551.74. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Nuveen Quality Municipal Income Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC acquired a new stake in Nuveen Quality Municipal Income Fund in the third quarter valued at approximately $29,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Nuveen Quality Municipal Income Fund during the fourth quarter valued at about $32,000. Atlantic Union Bankshares Corp acquired a new position in shares of Nuveen Quality Municipal Income Fund in the second quarter valued at approximately $34,000. Noble Wealth Management PBC grew its holdings in Nuveen Quality Municipal Income Fund by 274.6% during the 4th quarter. Noble Wealth Management PBC now owns 3,233 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 2,370 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of Nuveen Quality Municipal Income Fund during the third quarter worth $42,000.

About Nuveen Quality Municipal Income Fund

Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.

Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.