Nuveen Quality Municipal Income Fund (NYSE:NAD) Stock Short Interest Report for October

Nuveen Quality Municipal Income Fund (NYSE:NAD) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 336,811 shares, an increase of 524.1% from the September 30th total of 53,969 shares. Based on an average trading volume of 2,016,736 shares, the short-interest ratio is currently 0.2 days.

Nuveen Quality Municipal Income Fund Stock Down 0.2%

NYSE:NAD traded down $0.03 during trading on Wednesday, reaching $10.55. The company’s stock had a trading volume of 1,662,029 shares, compared to its average volume of 902,658. Nuveen Quality Municipal Income Fund has a 12 month low of $9.66 and a 12 month high of $12.31. The firm has a 50 day moving average of $10.75 and a 200-day moving average of $11.60.

Nuveen Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be issued a dividend of $0.0705 per share. This represents a $0.85 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Thursday, October 15th.

Insider Activity at Nuveen Quality Municipal Income Fund

In other Nuveen Quality Municipal Income Fund news, insider Terence J. Toth bought 7,090 shares of Nuveen Quality Municipal Income Fund stock in a transaction dated Wednesday, October 14th. The stock was bought at an average cost of $10.13 per share, with a total value of $71,821.70. Following the completion of the acquisition, the insider directly owned 11,221 shares in the company, valued at approximately $113,668.73. The trade was a 171.63% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Young L. Robert sold 32,727 shares of the stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $10.32, for a total value of $337,742.64. The SEC filing for this sale provides additional information.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its stake in shares of Nuveen Quality Municipal Income Fund by 156.2% during the 3rd quarter. International Assets Investment Management LLC now owns 40,000 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 24,390 shares during the last quarter. Livelsberger Financial Advisory bought a new stake in shares of Nuveen Quality Municipal Income Fund in the 3rd quarter worth approximately $36,000. Latitude Advisors LLC bought a new stake in shares of Nuveen Quality Municipal Income Fund in the 3rd quarter worth approximately $56,000. Argyle Capital Partners LLC purchased a new position in Nuveen Quality Municipal Income Fund in the third quarter valued at approximately $203,000. Finally, Valen Private Capital LLC purchased a new position in Nuveen Quality Municipal Income Fund in the third quarter valued at approximately $377,000.

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 current income exempt from regular federal income tax. The fund invests primarily in a diversified portfolio of municipal obligations issued by U.S. states, cities, counties, and other public entities.

The fund’s holdings may include general obligation bonds, revenue bonds, and other tax-exempt municipal securities used to finance public infrastructure and essential services.