Short Interest in Nuveen Taxable Municipal Income Fund (NYSE:NBB) Drops By 34.2%

Nuveen Taxable Municipal Income Fund (NYSE:NBB) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 43,176 shares, a drop of 34.2% from the April 15th total of 65,591 shares. Based on an average daily volume of 42,417 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NBB. Integrated Wealth Concepts LLC increased its holdings in Nuveen Taxable Municipal Income Fund by 7.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 17,951 shares of the company’s stock worth $288,000 after purchasing an additional 1,203 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Nuveen Taxable Municipal Income Fund by 12.8% in the 1st quarter. NewEdge Advisors LLC now owns 12,629 shares of the company’s stock valued at $202,000 after acquiring an additional 1,438 shares during the period. First Trust Advisors LP increased its holdings in shares of Nuveen Taxable Municipal Income Fund by 7.2% in the 2nd quarter. First Trust Advisors LP now owns 54,069 shares of the company’s stock valued at $855,000 after acquiring an additional 3,614 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Nuveen Taxable Municipal Income Fund by 0.7% in the 2nd quarter. Baird Financial Group Inc. now owns 153,486 shares of the company’s stock valued at $2,428,000 after acquiring an additional 1,005 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of Nuveen Taxable Municipal Income Fund by 4.0% in the 2nd quarter. Raymond James Financial Inc. now owns 1,038,710 shares of the company’s stock valued at $16,432,000 after acquiring an additional 39,505 shares during the period.

Nuveen Taxable Municipal Income Fund Stock Performance

NBB opened at $15.68 on Monday. The stock’s fifty day moving average is $15.75 and its two-hundred day moving average is $15.96. Nuveen Taxable Municipal Income Fund has a 52 week low of $14.95 and a 52 week high of $16.62.

Nuveen Taxable Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.0965 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Friday, May 15th.

Nuveen Taxable Municipal Income Fund Company Profile

The Nuveen Taxable Municipal Income Fund (NYSE:NBB) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. Established in 2008 and managed by Nuveen Asset Management LLC, the fund primarily invests in investment-grade municipal debt obligations. Its shares are traded on the New York Stock Exchange under the ticker symbol NBB.

NBB’s investment strategy focuses on taxable municipal securities, including pre-refunded and unrated obligations, issued by U.S.