Nuveen Quality Municipal Income Fund (NYSE:NAD) Short Interest Up 22.3% in March

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,132,617 shares, a growth of 22.3% from the February 26th total of 926,101 shares. Based on an average daily volume of 804,653 shares, the days-to-cover ratio is currently 1.4 days.

Insider Activity at Nuveen Quality Municipal Income Fund

In other Nuveen Quality Municipal Income Fund news, major shareholder Of America Corp /De/ Bank acquired 6,374 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was acquired at an average cost of $12.01 per share, with a total value of $76,551.74. Following the purchase, the insider directly owned 6,374 shares in the company, valued at approximately $76,551.74. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Institutional Trading of Nuveen Quality Municipal Income Fund

A number of hedge funds have recently bought and sold shares of NAD. Morgan Stanley grew its stake in shares of Nuveen Quality Municipal Income Fund by 0.7% during the 4th quarter. Morgan Stanley now owns 7,179,292 shares of the financial services provider’s stock valued at $86,295,000 after buying an additional 46,501 shares during the period. Bank of America Corp DE raised its holdings in shares of Nuveen Quality Municipal Income Fund by 3.5% in the 3rd quarter. Bank of America Corp DE now owns 2,752,323 shares of the financial services provider’s stock worth $32,175,000 after purchasing an additional 92,389 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Nuveen Quality Municipal Income Fund by 45.9% in the 4th quarter. Guggenheim Capital LLC now owns 2,572,898 shares of the financial services provider’s stock worth $30,926,000 after purchasing an additional 809,838 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Nuveen Quality Municipal Income Fund by 22.7% in the 3rd quarter. Raymond James Financial Inc. now owns 2,436,790 shares of the financial services provider’s stock valued at $28,486,000 after purchasing an additional 450,413 shares in the last quarter. Finally, McGowan Group Asset Management Inc. grew its holdings in shares of Nuveen Quality Municipal Income Fund by 4.5% during the 4th quarter. McGowan Group Asset Management Inc. now owns 1,362,021 shares of the financial services provider’s stock worth $16,371,000 after purchasing an additional 58,681 shares during the period.

Nuveen Quality Municipal Income Fund Stock Up 2.5%

Shares of NYSE:NAD traded up $0.29 on Tuesday, hitting $11.53. The company had a trading volume of 1,099,952 shares, compared to its average volume of 768,607. Nuveen Quality Municipal Income Fund has a 52-week low of $10.40 and a 52-week high of $12.31. The business has a 50 day moving average of $11.99 and a 200 day moving average of $11.96.

Nuveen Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $0.0705 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, March 13th.

About Nuveen Quality Municipal Income Fund

Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.

Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.