Short Interest in Nuveen Taxable Municipal Income Fund (NYSE:NBB) Rises By 475.0%

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 67,543 shares, an increase of 475.0% from the July 30th total of 11,746 shares. Based on an average daily volume of 55,248 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On Nuveen Taxable Municipal Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC grew its holdings in shares of Nuveen Taxable Municipal Income Fund by 2.0% during the fourth quarter. Advisory Services Network LLC now owns 38,550 shares of the company’s stock worth $609,000 after purchasing an additional 750 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Nuveen Taxable Municipal Income Fund by 6.4% in the 3rd quarter. NewEdge Advisors LLC now owns 16,050 shares of the company’s stock valued at $260,000 after purchasing an additional 961 shares during the last quarter. Baird Financial Group Inc. boosted its position 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 purchasing an additional 1,005 shares during the period. Bruce G. Allen Investments LLC boosted its position in shares of Nuveen Taxable Municipal Income Fund by 1.9% in the 4th quarter. Bruce G. Allen Investments LLC now owns 57,867 shares of the company’s stock valued at $914,000 after purchasing an additional 1,102 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management grew its stake in Nuveen Taxable Municipal Income Fund by 4.3% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 27,429 shares of the company’s stock worth $433,000 after buying an additional 1,122 shares during the last quarter.

Nuveen Taxable Municipal Income Fund Stock Down 0.1%

NBB traded down $0.01 on Thursday, hitting $15.40. The company had a trading volume of 145,339 shares, compared to its average volume of 55,949. The company’s fifty day moving average price is $15.45 and its 200 day moving average price is $15.69. Nuveen Taxable Municipal Income Fund has a 1 year low of $14.95 and a 1 year high of $16.62.

Nuveen Taxable Municipal Income Fund Dividend Announcement

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

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.