Nuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 327,662 shares, a decline of 46.8% from the May 14th total of 615,438 shares. Based on an average daily trading volume, of 686,358 shares, the short-interest ratio is currently 0.5 days.
Institutional Trading of Nuveen Quality Municipal Income Fund
A number of large investors have recently made changes to their positions in the business. Insigneo Advisory Services LLC increased its holdings in shares of Nuveen Quality Municipal Income Fund by 6.8% in the 4th quarter. Insigneo Advisory Services LLC now owns 13,959 shares of the financial services provider’s stock worth $168,000 after buying an additional 894 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of Nuveen Quality Municipal Income Fund by 5.0% in the 4th quarter. CoreCap Advisors LLC now owns 19,797 shares of the financial services provider’s stock worth $238,000 after buying an additional 949 shares during the last quarter. Wakefield Asset Management LLLP increased its holdings in shares of Nuveen Quality Municipal Income Fund by 0.7% in the 4th quarter. Wakefield Asset Management LLLP now owns 159,821 shares of the financial services provider’s stock worth $1,921,000 after buying an additional 1,078 shares during the last quarter. Silver Oak Securities Incorporated increased its holdings in shares of Nuveen Quality Municipal Income Fund by 12.3% in the 1st quarter. Silver Oak Securities Incorporated now owns 9,881 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,079 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Nuveen Quality Municipal Income Fund by 6.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 19,626 shares of the financial services provider’s stock worth $236,000 after buying an additional 1,146 shares during the last quarter.
Nuveen Quality Municipal Income Fund Stock Performance
Shares of Nuveen Quality Municipal Income Fund stock traded down $0.05 during trading hours on Friday, reaching $11.96. The company’s stock had a trading volume of 541,451 shares, compared to its average volume of 724,443. The firm has a 50 day moving average price of $11.77 and a 200-day moving average price of $11.93. Nuveen Quality Municipal Income Fund has a one year low of $11.04 and a one year high of $12.31.
Nuveen Quality Municipal Income Fund Announces Dividend
Nuveen Quality Municipal Income Fund Company Profile
Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.
Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.
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