Short Interest in Nuveen California Quality Municipal Income Fund (NYSE:NAC) Decreases By 20.8%

Nuveen California Quality Municipal Income Fund (NYSE:NAC) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 308,415 shares, a drop of 20.8% from the January 29th total of 389,609 shares. Based on an average daily trading volume, of 470,269 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 470,269 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Nuveen California Quality Municipal Income Fund

A number of large investors have recently modified their holdings of the company. Highline Wealth Partners LLC bought a new position in Nuveen California Quality Municipal Income Fund in the third quarter valued at $29,000. Ameriflex Group Inc. boosted its holdings in shares of Nuveen California Quality Municipal Income Fund by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 2,800 shares of the company’s stock worth $32,000 after purchasing an additional 1,400 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Nuveen California Quality Municipal Income Fund during the 4th quarter valued at about $41,000. Smartleaf Asset Management LLC raised its holdings in shares of Nuveen California Quality Municipal Income Fund by 484.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 7,245 shares of the company’s stock valued at $82,000 after buying an additional 6,005 shares in the last quarter. Finally, Harbour Investments Inc. bought a new stake in Nuveen California Quality Municipal Income Fund in the 4th quarter worth approximately $106,000.

Nuveen California Quality Municipal Income Fund Price Performance

Shares of NAC traded down $0.06 during trading hours on Tuesday, hitting $12.01. The company’s stock had a trading volume of 657,047 shares, compared to its average volume of 501,987. The business has a 50 day simple moving average of $11.89 and a two-hundred day simple moving average of $11.73. 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 was paid on Monday, March 2nd. Investors of record on Friday, February 13th were paid a dividend of $0.0735 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date was Friday, February 13th.

Nuveen California Quality Municipal Income Fund Company Profile

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.