Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Up 30.2% in January

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 41,161 shares, a growth of 30.2% from the January 15th total of 31,621 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 26,593 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily trading volume, of 26,593 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.3% of the company’s stock are short sold.

Nuveen Arizona Quality Municipal Income Fund Price Performance

Shares of NYSE NAZ opened at $12.08 on Monday. The stock’s 50-day simple moving average is $11.98 and its 200-day simple moving average is $11.91. Nuveen Arizona Quality Municipal Income Fund has a fifty-two week low of $11.40 and a fifty-two week high of $13.55.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a $0.0655 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, February 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NAZ. Wells Fargo & Company MN increased its stake in Nuveen Arizona Quality Municipal Income Fund by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 169,885 shares of the investment management company’s stock valued at $2,018,000 after purchasing an additional 36,090 shares during the period. LPL Financial LLC increased its stake in Nuveen Arizona Quality Municipal Income Fund by 129.0% in the 4th quarter. LPL Financial LLC now owns 120,906 shares of the investment management company’s stock valued at $1,436,000 after buying an additional 68,109 shares during the period. Alpha Cubed Investments LLC raised its position in 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 buying an additional 34,737 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 8.1% in the 2nd quarter. Raymond James Financial Inc. now owns 51,009 shares of the investment management company’s stock worth $596,000 after acquiring an additional 3,813 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 7.7% in the fourth quarter. Stifel Financial Corp now owns 39,721 shares of the investment management company’s stock valued at $472,000 after acquiring an additional 2,832 shares in the last quarter. 15.28% of the stock is owned by hedge funds and other institutional investors.

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.