Nuveen Taxable Municipal Income Fund (NYSE:NBB) Sees Significant Decrease in Short Interest

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 43,176 shares, a decrease of 34.2% from the April 15th total of 65,591 shares. Based on an average daily trading volume, of 42,417 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Nuveen Taxable Municipal Income Fund

A number of institutional investors have recently made changes to their positions in the stock. Sit Investment Associates Inc. boosted its stake in shares of Nuveen Taxable Municipal Income Fund by 2.0% during the fourth quarter. Sit Investment Associates Inc. now owns 3,831,416 shares of the company’s stock valued at $60,536,000 after purchasing an additional 76,243 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Nuveen Taxable Municipal Income Fund by 15.7% during the third quarter. Raymond James Financial Inc. now owns 1,201,681 shares of the company’s stock valued at $19,491,000 after purchasing an additional 162,971 shares during the period. Eagle Bluffs Wealth Management LLC boosted its stake in shares of Nuveen Taxable Municipal Income Fund by 6.6% during the first quarter. Eagle Bluffs Wealth Management LLC now owns 891,543 shares of the company’s stock valued at $14,046,000 after purchasing an additional 55,105 shares during the period. Bank of America Corp DE boosted its stake in shares of Nuveen Taxable Municipal Income Fund by 3.1% during the first quarter. Bank of America Corp DE now owns 553,752 shares of the company’s stock valued at $8,672,000 after purchasing an additional 16,767 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Nuveen Taxable Municipal Income Fund by 4.5% during the third quarter. M&T Bank Corp now owns 535,240 shares of the company’s stock valued at $8,681,000 after purchasing an additional 23,010 shares during the period.

Nuveen Taxable Municipal Income Fund Price Performance

NYSE:NBB opened at $15.41 on Wednesday. Nuveen Taxable Municipal Income Fund has a fifty-two week low of $14.95 and a fifty-two week high of $16.62. The business has a 50 day moving average price of $15.72 and a 200-day moving average price of $15.94.

Nuveen Taxable Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.0965 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, May 15th.

About Nuveen Taxable Municipal Income Fund

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.