Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 22,932 shares, a decline of 62.3% from the June 15th total of 60,853 shares. Based on an average daily volume of 68,507 shares, the short-interest ratio is currently 0.3 days.
Institutional Trading of Nuveen Taxable Municipal Income Fund
Several institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its holdings in Nuveen Taxable Municipal Income Fund by 7.2% during the first quarter. Integrated Wealth Concepts LLC now owns 17,951 shares of the company’s stock worth $288,000 after purchasing an additional 1,203 shares during the last quarter. NewEdge Advisors LLC increased its stake in Nuveen Taxable Municipal Income Fund by 12.8% in the 1st quarter. NewEdge Advisors LLC now owns 12,629 shares of the company’s stock valued at $202,000 after buying an additional 1,438 shares during the last quarter. First Trust Advisors LP increased its stake in Nuveen Taxable Municipal Income Fund by 7.2% in the 2nd quarter. First Trust Advisors LP now owns 54,069 shares of the company’s stock valued at $855,000 after buying an additional 3,614 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Nuveen Taxable Municipal Income Fund by 0.7% during the 2nd quarter. Baird Financial Group Inc. now owns 153,486 shares of the company’s stock worth $2,428,000 after buying an additional 1,005 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Nuveen Taxable Municipal Income Fund by 4.0% during the 2nd quarter. Raymond James Financial Inc. now owns 1,038,710 shares of the company’s stock worth $16,432,000 after buying an additional 39,505 shares in the last quarter.
Nuveen Taxable Municipal Income Fund Trading Up 0.4%
Shares of Nuveen Taxable Municipal Income Fund stock opened at $15.59 on Monday. The stock has a fifty day simple moving average of $15.71 and a 200 day simple moving average of $15.81. Nuveen Taxable Municipal Income Fund has a 12-month low of $14.95 and a 12-month high of $16.62.
Nuveen Taxable Municipal Income Fund Announces Dividend
Nuveen Taxable Municipal Income Fund Company Profile
The Nuveen Taxable Municipal Income Fund (NYSE:NBB) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. Established in 2008 and managed by Nuveen Asset Management LLC, the fund primarily invests in investment-grade municipal debt obligations. Its shares are traded on the New York Stock Exchange under the ticker symbol NBB.
NBB’s investment strategy focuses on taxable municipal securities, including pre-refunded and unrated obligations, issued by U.S.
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