Nuveen Quality Municipal Income Fund (NYSE:NAD) Short Interest Update

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,132,617 shares, an increase of 22.3% from the February 26th total of 926,101 shares. Based on an average trading volume of 804,653 shares, the short-interest ratio is currently 1.4 days.

Nuveen Quality Municipal Income Fund Trading Down 0.6%

NAD traded down $0.06 on Monday, hitting $11.23. 1,121,105 shares of the stock were exchanged, compared to its average volume of 763,085. Nuveen Quality Municipal Income Fund has a 12 month low of $10.40 and a 12 month high of $12.31. The business has a 50-day moving average of $12.00 and a two-hundred day moving average of $11.96.

Nuveen Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.0705 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 7.5%.

Insiders Place Their Bets

In related news, major shareholder Of America Corp /De/ Bank bought 6,374 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was purchased at an average cost of $12.01 per share, for a total transaction of $76,551.74. Following the transaction, the insider owned 6,374 shares in the company, valued at $76,551.74. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

Institutional investors 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 3rd quarter worth $29,000. Whittier Trust Co. of Nevada Inc. bought a new position in Nuveen Quality Municipal Income Fund in the fourth quarter valued at about $32,000. Align Financial LLC acquired a new stake in shares of Nuveen Quality Municipal Income Fund during the fourth quarter valued at about $35,000. Noble Wealth Management PBC grew its holdings in shares of Nuveen Quality Municipal Income Fund by 274.6% during the fourth quarter. Noble Wealth Management PBC now owns 3,233 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 2,370 shares during the last quarter. Finally, Advocate Investing Services LLC acquired a new position in shares of Nuveen Quality Municipal Income Fund in the fourth quarter valued at approximately $41,000.

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.