Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 67,543 shares, an increase of 475.0% from the July 30th total of 11,746 shares. Based on an average daily volume of 55,248 shares, the short-interest ratio is presently 1.2 days.
Nuveen Taxable Municipal Income Fund Stock Up 0.7%
Shares of NBB stock opened at $15.37 on Wednesday. The stock’s fifty day simple moving average is $15.46 and its 200 day simple moving average is $15.70. Nuveen Taxable Municipal Income Fund has a one year low of $14.95 and a one year high of $16.62.
Nuveen Taxable Municipal Income Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.0965 per share. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.
Institutional Trading of Nuveen Taxable Municipal Income Fund
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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