Nuveen Quality Municipal Income Fund (NYSE:NAD) Sees Significant Decrease in Short Interest

Nuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 562,042 shares, a decline of 48.9% from the August 31st total of 1,098,846 shares. Based on an average daily trading volume, of 1,242,879 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Nuveen Quality Municipal Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new position in shares of Nuveen Quality Municipal Income Fund during the second quarter worth $28,087,000. Hennion & Walsh Asset Management Inc. increased its holdings in Nuveen Quality Municipal Income Fund by 48.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,373,096 shares of the financial services provider’s stock valued at $16,642,000 after purchasing an additional 445,351 shares during the period. Deutsche Bank AG bought a new position in Nuveen Quality Municipal Income Fund during the 2nd quarter worth $5,046,000. Palogic Value Management L.P. bought a new position in Nuveen Quality Municipal Income Fund during the 2nd quarter worth $4,250,000. Finally, LM Advisors LLC acquired a new position in Nuveen Quality Municipal Income Fund during the 2nd quarter worth about $3,645,000.

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Nuveen Quality Municipal Income Fund Price Performance

Nuveen Quality Municipal Income Fund stock traded up $0.05 during trading hours on Thursday, hitting $10.17. The stock had a trading volume of 2,063,951 shares, compared to its average volume of 816,105. The business’s 50 day simple moving average is $11.30 and its 200-day simple moving average is $11.63. Nuveen Quality Municipal Income Fund has a one year low of $9.66 and a one year high of $12.31.

Nuveen Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.0705 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Tuesday, September 15th.

About Nuveen Quality Municipal Income Fund

(Get Free Report)

Nuveen Quality Municipal Income Fund (NYSE: NAD) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities, public authorities and other governmental entities in the United States.

Its portfolio may include general obligation bonds, revenue bonds and other debt securities used to finance public services and infrastructure, such as transportation, education, utilities and health care facilities.

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