Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Up 21.5% in January

Nuveen California Quality Municipal Income Fund (NYSE:NAC) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 369,279 shares, a growth of 21.5% from the December 31st total of 303,962 shares. Based on an average daily volume of 533,959 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 533,959 shares, the short-interest ratio is currently 0.7 days.

Nuveen California Quality Municipal Income Fund Stock Performance

Shares of NYSE:NAC traded down $0.10 on Wednesday, reaching $11.83. The company’s stock had a trading volume of 478,379 shares, compared to its average volume of 521,478. The company has a 50-day simple moving average of $11.86 and a 200 day simple moving average of $11.62. Nuveen California Quality Municipal Income Fund has a 52-week low of $10.35 and a 52-week high of $12.25.

Nuveen California Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be paid a $0.0735 dividend. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, February 13th.

Institutional Investors Weigh In On Nuveen California Quality Municipal Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP increased its stake in Nuveen California Quality Municipal Income Fund by 0.6% in the third quarter. Allworth Financial LP now owns 156,382 shares of the company’s stock worth $1,798,000 after purchasing an additional 863 shares during the period. PFG Investments LLC grew its stake in Nuveen California Quality Municipal Income Fund by 0.5% in the fourth quarter. PFG Investments LLC now owns 188,895 shares of the company’s stock worth $2,231,000 after purchasing an additional 872 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in Nuveen California Quality Municipal Income Fund by 1.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 52,725 shares of the company’s stock worth $623,000 after purchasing an additional 939 shares during the period. Van Hulzen Asset Management LLC raised its position in Nuveen California Quality Municipal Income Fund by 2.0% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 51,950 shares of the company’s stock valued at $580,000 after purchasing an additional 1,000 shares in the last quarter. Finally, NWF Advisory Services Inc. lifted its holdings in shares of Nuveen California Quality Municipal Income Fund by 8.1% in the 3rd quarter. NWF Advisory Services Inc. now owns 15,690 shares of the company’s stock worth $180,000 after buying an additional 1,170 shares during the period.

About Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund (NYSE: NAC) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal and California state income taxes, with a secondary objective of capital appreciation. The fund primarily acquires a diversified portfolio of municipal securities issued by entities located in California, focusing on investment-grade bonds. These securities typically include general obligation bonds, revenue bonds and other taxable or tax-advantaged instruments that finance public projects such as transportation, education and utilities.

In managing the portfolio, the fund’s investment team applies rigorous credit research to identify issuers with strong balance sheets, stable revenue streams and manageable debt levels.