Short Interest in Nuveen Quality Municipal Income Fund (NYSE:NAD) Expands By 76.0%

Nuveen Quality Municipal Income Fund (NYSE:NAD) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 576,564 shares, an increase of 76.0% from the May 31st total of 327,662 shares. Based on an average daily volume of 679,281 shares, the short-interest ratio is presently 0.8 days.

Nuveen Quality Municipal Income Fund Stock Down 0.1%

Shares of Nuveen Quality Municipal Income Fund stock opened at $12.07 on Thursday. The firm’s 50 day moving average is $11.83 and its 200 day moving average is $11.92. 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 Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be given a $0.0705 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NAD. Insigneo Advisory Services LLC lifted its stake in shares of Nuveen Quality Municipal Income Fund by 6.8% in the 4th quarter. Insigneo Advisory Services LLC now owns 13,959 shares of the financial services provider’s stock valued at $168,000 after acquiring an additional 894 shares during the last quarter. CoreCap Advisors LLC grew its position in Nuveen Quality Municipal Income Fund by 5.0% during the 4th quarter. CoreCap Advisors LLC now owns 19,797 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 949 shares during the last quarter. Wakefield Asset Management LLLP increased its holdings in Nuveen Quality Municipal Income Fund by 0.7% in the 4th quarter. Wakefield Asset Management LLLP now owns 159,821 shares of the financial services provider’s stock worth $1,921,000 after purchasing an additional 1,078 shares in the last quarter. Silver Oak Securities Incorporated increased its holdings in Nuveen Quality Municipal Income Fund by 12.3% in the 1st quarter. Silver Oak Securities Incorporated now owns 9,881 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in Nuveen Quality Municipal Income Fund by 6.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 19,626 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 1,146 shares during the last quarter.

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.