Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Short Interest Jumps 94.0%

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 24,986 shares, an increase of 94.0% from the September 30th total of 12,881 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 49,443 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its holdings in Nuveen Arizona Quality Municipal Income Fund by 1.5% in the first quarter. Cetera Investment Advisers now owns 101,300 shares of the investment management company’s stock worth $1,215,000 after purchasing an additional 1,542 shares in the last quarter. Western Wealth Management LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund during the second quarter valued at $662,000. Bank of America Corp DE bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at $635,000. Kingswood Wealth Advisors LLC boosted its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 10.2% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 40,000 shares of the investment management company’s stock valued at $423,000 after buying an additional 3,700 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 36.5% during the 1st quarter. Diversify Wealth Management LLC now owns 28,036 shares of the investment management company’s stock valued at $353,000 after buying an additional 7,500 shares in the last quarter. 15.28% of the stock is owned by hedge funds and other institutional investors.

Nuveen Arizona Quality Municipal Income Fund Trading Up 0.4%

NAZ stock opened at $10.62 on Friday. Nuveen Arizona Quality Municipal Income Fund has a fifty-two week low of $10.18 and a fifty-two week high of $13.42. The business’s 50 day moving average price is $11.24 and its two-hundred day moving average price is $12.13.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a dividend of $0.0620 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.74 annualized dividend and a dividend yield of 7.0%.

Nuveen Arizona Quality Municipal Income Fund Company Profile

(Get Free Report)

Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax and Arizona state income tax. The fund invests primarily in municipal securities issued by or on behalf of Arizona state and local governments, as well as related public authorities.

Its portfolio may include tax-exempt bonds used to finance public infrastructure and essential services, such as schools, transportation systems, utilities, health care facilities and other governmental projects.

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