Nuveen Quality Municipal Income Fund (NYSE:NAD) Stock Short Interest Declines 90.4%

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 53,969 shares, a decrease of 90.4% from the September 15th total of 562,042 shares. Based on an average daily volume of 2,520,781 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Nuveen Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NAD. Wealth Care LLC bought a new position in shares of Nuveen Quality Municipal Income Fund during the first quarter valued at $575,000. Key Financial Inc bought a new stake in Nuveen Quality Municipal Income Fund during the 1st quarter valued at approximately $144,000. Folger Nolan Fleming Douglas Capital Management Inc. bought a new stake in Nuveen Quality Municipal Income Fund in the 1st quarter worth approximately $214,000. Patriot Financial Group Insurance Agency LLC bought a new stake in Nuveen Quality Municipal Income Fund during the first quarter worth approximately $115,000. Finally, Maridea Wealth Management LLC lifted its stake in Nuveen Quality Municipal Income Fund by 20.5% in the first quarter. Maridea Wealth Management LLC now owns 14,593 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 2,479 shares during the last quarter.

Nuveen Quality Municipal Income Fund Trading Up 1.0%

Shares of NYSE NAD traded up $0.10 during trading on Friday, reaching $10.19. The company had a trading volume of 1,481,144 shares, compared to its average volume of 864,386. Nuveen Quality Municipal Income Fund has a 52 week low of $9.66 and a 52 week high of $12.31. The business’s 50 day moving average price is $11.12 and its 200-day moving average price is $11.55.

Nuveen Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be issued a $0.0705 dividend. This represents a $0.85 annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Thursday, October 15th.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen Quality Municipal Income Fund (NYSE: NAD) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities, public authorities and other governmental entities in the United States.

Its portfolio may include general obligation bonds, revenue bonds and other debt securities used to finance public services and infrastructure, such as transportation, education, utilities and health care facilities.