Nuveen Taxable Municipal Income Fund (NYSE:NBB) Short Interest Down 42.6% in July

Nuveen Taxable Municipal Income Fund (NYSE:NBB) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 11,746 shares, a decrease of 42.6% from the July 15th total of 20,478 shares. Based on an average daily volume of 45,456 shares, the short-interest ratio is presently 0.3 days.

Nuveen Taxable Municipal Income Fund Trading Down 0.2%

NBB stock traded down $0.04 on Monday, hitting $15.41. The company had a trading volume of 11,484 shares, compared to its average volume of 55,063. Nuveen Taxable Municipal Income Fund has a 12-month low of $14.95 and a 12-month high of $16.62. The stock’s 50-day simple moving average is $15.51 and its 200 day simple moving average is $15.72.

Nuveen Taxable Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.0965 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Trading of Nuveen Taxable Municipal Income Fund

Large investors have recently modified their holdings of the company. Advisory Services Network LLC increased its stake in Nuveen Taxable Municipal Income Fund by 2.0% in the 4th quarter. Advisory Services Network LLC now owns 38,550 shares of the company’s stock worth $609,000 after buying an additional 750 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Nuveen Taxable Municipal Income Fund by 6.4% during the third quarter. NewEdge Advisors LLC now owns 16,050 shares of the company’s stock valued at $260,000 after acquiring an additional 961 shares during the period. Baird Financial Group Inc. lifted its position in shares of Nuveen Taxable Municipal Income Fund by 0.7% in the second 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 in the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of Nuveen Taxable Municipal Income Fund by 1.9% in the fourth quarter. Bruce G. Allen Investments LLC now owns 57,867 shares of the company’s stock worth $914,000 after acquiring an additional 1,102 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of Nuveen Taxable Municipal Income Fund by 4.3% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 27,429 shares of the company’s stock worth $433,000 after acquiring an additional 1,122 shares during the period.

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.