Nuveen Quality Municipal Income Fund (NYSE:NAD) Stock Short Interest Declines 90.4%

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 53,969 shares, a decrease of 90.4% from the September 15th total of 562,042 shares. Based on an average trading volume of 2,520,781 shares, the short-interest ratio is currently 0.0 days.

Nuveen Quality Municipal Income Fund Trading Up 1.0%

NAD stock traded up $0.10 during trading on Friday, hitting $10.19. The stock had a trading volume of 1,481,144 shares, compared to its average volume of 864,386. Nuveen Quality Municipal Income Fund has a twelve month low of $9.66 and a twelve month high of $12.31. The company’s 50-day moving average price is $11.12 and its two-hundred day moving average price is $11.55.

Nuveen Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0705 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 8.3%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in shares of Nuveen Quality Municipal Income Fund during the 2nd quarter worth about $28,087,000. Hennion & Walsh Asset Management Inc. raised its stake in Nuveen Quality Municipal Income Fund by 48.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,373,096 shares of the financial services provider’s stock worth $16,642,000 after acquiring an additional 445,351 shares during the period. Van ECK Associates Corp grew its position in shares of Nuveen Quality Municipal Income Fund by 16.1% during the second quarter. Van ECK Associates Corp now owns 1,288,803 shares of the financial services provider’s stock worth $15,620,000 after acquiring an additional 178,327 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Nuveen Quality Municipal Income Fund by 7.0% in the first quarter. Royal Bank of Canada now owns 962,548 shares of the financial services provider’s stock worth $11,070,000 after purchasing an additional 62,641 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC lifted its holdings in shares of Nuveen Quality Municipal Income Fund by 7.6% in the first quarter. Eagle Bluffs Wealth Management LLC now owns 741,692 shares of the financial services provider’s stock valued at $8,582,000 after buying an additional 52,345 shares during the period.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen Quality Municipal Income Fund (NYSE: NAD) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities, public authorities and other governmental entities in the United States.

Its portfolio may include general obligation bonds, revenue bonds and other debt securities used to finance public services and infrastructure, such as transportation, education, utilities and health care facilities.