Short Interest in Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Grows By 21.1%

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 33,696 shares, a growth of 21.1% from the December 15th total of 27,823 shares. Based on an average trading volume of 26,175 shares, the short-interest ratio is currently 1.3 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 26,175 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Institutional investors have recently bought and sold shares of the stock. Alpha Cubed Investments LLC increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 41.5% in the 2nd quarter. Alpha Cubed Investments LLC now owns 118,363 shares of the investment management company’s stock valued at $1,384,000 after acquiring an additional 34,737 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the first quarter valued at about $211,000. Diversify Wealth Management LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter worth about $169,000. Plan Group Financial LLC purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter worth about $139,000. Finally, Bank of America Corp DE boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 14.1% during the second quarter. Bank of America Corp DE now owns 37,054 shares of the investment management company’s stock valued at $433,000 after buying an additional 4,593 shares during the last quarter. 15.28% of the stock is owned by hedge funds and other institutional investors.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

Shares of NYSE NAZ traded up $0.03 during mid-day trading on Tuesday, reaching $11.99. The company’s stock had a trading volume of 34,888 shares, compared to its average volume of 36,721. Nuveen Arizona Quality Municipal Income Fund has a 52 week low of $11.40 and a 52 week high of $13.55. The stock has a fifty day moving average of $11.95 and a two-hundred day moving average of $11.88.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of $0.0655 per share. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 6.6%.

Nuveen Arizona Quality Municipal Income Fund Company Profile

Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from regular U.S. federal income tax. Managed by Nuveen Asset Management, the fund focuses on investment-grade municipal obligations issued by or on behalf of entities located in the state of Arizona. Its portfolio typically includes general obligation bonds, revenue bonds and essential-purpose municipal securities backed by state and local governments and quasi-governmental agencies.

The fund employs fundamental credit analysis to select bonds that meet rigorous quality standards, aiming to preserve principal while generating tax-advantaged income.