Nuveen Quality Municipal Income Fund (NYSE:NAD) Short Interest Up 19.3% in January

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 883,350 shares, a growth of 19.3% from the December 31st total of 740,560 shares. Based on an average trading volume of 741,324 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 741,324 shares, the short-interest ratio is presently 1.2 days.

Nuveen Quality Municipal Income Fund Stock Down 0.7%

NAD stock opened at $12.00 on Thursday. Nuveen Quality Municipal Income Fund has a 52 week low of $10.40 and a 52 week high of $12.28. The business has a 50-day simple moving average of $12.06 and a 200 day simple moving average of $11.77.

Nuveen Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be given a $0.0705 dividend. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 7.1%.

Insider Buying and Selling at Nuveen Quality Municipal Income Fund

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC bought a new stake in Nuveen Quality Municipal Income Fund during the third quarter worth $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Nuveen Quality Municipal Income Fund during the 4th quarter worth $32,000. Atlantic Union Bankshares Corp bought a new stake in shares of Nuveen Quality Municipal Income Fund during the 2nd quarter worth $34,000. Noble Wealth Management PBC lifted its position in shares of Nuveen Quality Municipal Income Fund by 274.6% during the 4th quarter. Noble Wealth Management PBC now owns 3,233 shares of the financial services provider’s stock worth $39,000 after buying an additional 2,370 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in Nuveen Quality Municipal Income Fund in the third quarter valued at about $42,000.

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.