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

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

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 11.1% during the first quarter. Royal Bank of Canada now owns 23,983 shares of the investment management company’s stock worth $289,000 after buying an additional 2,391 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the 1st quarter valued at about $211,000. Alpha Cubed Investments LLC increased its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 41.5% during the 2nd quarter. Alpha Cubed Investments LLC now owns 118,363 shares of the investment management company’s stock worth $1,384,000 after purchasing an additional 34,737 shares during the last quarter. Plan Group Financial LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter worth about $139,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter valued at about $169,000. Institutional investors and hedge funds own 15.28% of the company’s stock.

Nuveen Arizona Quality Municipal Income Fund Price Performance

Shares of NYSE:NAZ traded down $0.05 during midday trading on Monday, reaching $11.96. The company had a trading volume of 32,896 shares, compared to its average volume of 29,936. The business’s 50 day moving average price is $11.95 and its 200 day moving average price is $11.88. Nuveen Arizona Quality Municipal Income Fund has a 1-year low of $11.40 and a 1-year high of $13.55.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

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

About Nuveen Arizona Quality Municipal Income Fund

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.