Nuveen Taxable Municipal Income Fund (NYSE:NBB) Short Interest Update

Nuveen Taxable Municipal Income Fund (NYSE:NBBGet 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

Several large investors have recently added to or reduced their stakes in the company. LaSalle St. Investment Advisors LLC bought a new position in shares of Nuveen Taxable Municipal Income Fund in the second quarter valued at approximately $9,848,000. Bank of America Corp DE bought a new stake in shares of Nuveen Taxable Municipal Income Fund during the second quarter worth $8,766,000. Raymond James Financial Inc. raised its holdings in shares of Nuveen Taxable Municipal Income Fund by 15.7% in the third quarter. Raymond James Financial Inc. now owns 1,201,681 shares of the company’s stock valued at $19,491,000 after buying an additional 162,971 shares during the last quarter. Sit Investment Associates Inc. lifted its position in Nuveen Taxable Municipal Income Fund by 2.0% during the 4th quarter. Sit Investment Associates Inc. now owns 3,831,416 shares of the company’s stock worth $60,536,000 after buying an additional 76,243 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC grew its holdings in Nuveen Taxable Municipal Income Fund by 6.6% during the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 891,543 shares of the company’s stock worth $14,046,000 after acquiring an additional 55,105 shares during the last quarter.

Nuveen Taxable Municipal Income Fund Company Profile

(Get Free Report)

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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