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

Nuveen Quality Municipal Income Fund (NYSE:NAD) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 676,711 shares, an increase of 134.7% from the November 30th total of 288,282 shares. Based on an average daily trading volume, of 868,025 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 868,025 shares, the short-interest ratio is currently 0.8 days.

Nuveen Quality Municipal Income Fund Trading Down 1.0%

NAD stock traded down $0.12 during midday trading on Friday, reaching $11.92. The stock had a trading volume of 1,139,254 shares, compared to its average volume of 776,078. Nuveen Quality Municipal Income Fund has a 52-week low of $10.40 and a 52-week high of $12.28. The company’s fifty day simple moving average is $11.99 and its 200 day simple moving average is $11.61.

Nuveen Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.0705 per share. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Monday, December 15th.

Institutional Trading of Nuveen Quality Municipal Income Fund

Hedge funds have recently made changes to their positions in the company. Benjamin Edwards Inc. lifted its holdings in shares of Nuveen Quality Municipal Income Fund by 14.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 40,222 shares of the financial services provider’s stock valued at $454,000 after buying an additional 5,100 shares during the period. Bank of America Corp DE grew its stake in shares of Nuveen Quality Municipal Income Fund by 8.7% during the 2nd quarter. Bank of America Corp DE now owns 2,659,934 shares of the financial services provider’s stock worth $30,031,000 after purchasing an additional 213,078 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Nuveen Quality Municipal Income Fund by 15.6% in the second quarter. Ameriprise Financial Inc. now owns 416,945 shares of the financial services provider’s stock valued at $4,707,000 after purchasing an additional 56,326 shares during the period. Jane Street Group LLC lifted its stake in shares of Nuveen Quality Municipal Income Fund by 286.3% in the second quarter. Jane Street Group LLC now owns 91,956 shares of the financial services provider’s stock valued at $1,038,000 after purchasing an additional 68,153 shares during the period. Finally, Raymond James Financial Inc. grew its position in Nuveen Quality Municipal Income Fund by 4.1% during the second quarter. Raymond James Financial Inc. now owns 1,986,377 shares of the financial services provider’s stock worth $22,426,000 after buying an additional 78,746 shares during the period.

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.