Short Interest in Nuveen Quality Municipal Income Fund (NYSE:NAD) Decreases By 46.8%

Nuveen Quality Municipal Income Fund (NYSE:NAD) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 327,662 shares, a decline of 46.8% from the May 14th total of 615,438 shares. Based on an average daily volume of 686,358 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its stake in shares of Nuveen Quality Municipal Income Fund by 4.2% during the 1st quarter. NewEdge Advisors LLC now owns 387,632 shares of the financial services provider’s stock worth $4,458,000 after purchasing an additional 15,797 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Nuveen Quality Municipal Income Fund during the 1st quarter worth about $218,000. Royal Bank of Canada boosted its holdings in shares of Nuveen Quality Municipal Income Fund by 7.0% during the 1st quarter. Royal Bank of Canada now owns 962,548 shares of the financial services provider’s stock worth $11,070,000 after buying an additional 62,641 shares during the period. Quantinno Capital Management LP bought a new stake in shares of Nuveen Quality Municipal Income Fund during the 1st quarter worth about $446,000. Finally, Gateway Wealth Partners LLC bought a new stake in shares of Nuveen Quality Municipal Income Fund during the 1st quarter worth about $115,000.

Nuveen Quality Municipal Income Fund Stock Down 0.0%

Shares of Nuveen Quality Municipal Income Fund stock traded down $0.01 during trading on Tuesday, hitting $11.93. 351,170 shares of the stock were exchanged, compared to its average volume of 719,886. The company has a fifty day moving average price of $11.78 and a 200-day moving average price of $11.93. Nuveen Quality Municipal Income Fund has a 1-year low of $11.04 and a 1-year high of $12.31.

Nuveen Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.0705 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.1%.

Nuveen Quality Municipal Income Fund Company Profile

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.