Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE:NIQ) Short Interest Up 192.5% in May

Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE:NIQ – Get Rating) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 62,000 shares, an increase of 192.5% from the April 30th total of 21,200 shares. Based on an average daily trading volume, of 51,400 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Nuveen Intermediate Duration Quality Municipal Term Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Leo Brokerage LLC purchased a new stake in shares of Nuveen Intermediate Duration Quality Municipal Term Fund during the 1st quarter valued at about $153,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Nuveen Intermediate Duration Quality Municipal Term Fund in the 1st quarter worth approximately $355,000. American Institute for Advanced Investment Management LLP increased its holdings in Nuveen Intermediate Duration Quality Municipal Term Fund by 3.6% in the 1st quarter. American Institute for Advanced Investment Management LLP now owns 28,840 shares of the company’s stock worth $368,000 after acquiring an additional 1,000 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Nuveen Intermediate Duration Quality Municipal Term Fund by 74.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 148,725 shares of the company’s stock worth $1,899,000 after acquiring an additional 63,506 shares in the last quarter. Finally, Hills Bank & Trust Co purchased a new stake in Nuveen Intermediate Duration Quality Municipal Term Fund in the 1st quarter worth approximately $392,000.

Nuveen Intermediate Duration Quality Municipal Term Fund Price Performance

NYSE:NIQ traded up $0.01 during mid-day trading on Friday, reaching $12.59. The company’s stock had a trading volume of 68,462 shares, compared to its average volume of 49,197. Nuveen Intermediate Duration Quality Municipal Term Fund has a 12-month low of $11.88 and a 12-month high of $13.86. The firm’s fifty day moving average price is $12.73 and its two-hundred day moving average price is $12.62.

Nuveen Intermediate Duration Quality Municipal Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be given a dividend of $0.034 per share. This represents a $0.41 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, May 12th.

About Nuveen Intermediate Duration Quality Municipal Term Fund

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Nuveen Intermediate Duration Quality Municipal Term Fund is a close 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 into public fixed income markets of the United States. The fund seeks to invest in stocks of companies that are operating across diversified sectors.