Short Interest in Nuveen Quality Municipal Income Fund (NYSE:NAD) Increases By 76.0%

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 576,564 shares, an increase of 76.0% from the May 31st total of 327,662 shares. Based on an average trading volume of 679,281 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Nuveen Quality Municipal Income Fund

A number of institutional investors have recently modified their holdings of NAD. Guggenheim Capital LLC grew its holdings in shares of Nuveen Quality Municipal Income Fund by 45.9% during the fourth quarter. Guggenheim Capital LLC now owns 2,572,898 shares of the financial services provider’s stock valued at $30,926,000 after buying an additional 809,838 shares during the last quarter. Raymond James Financial Inc. raised its stake in Nuveen Quality Municipal Income Fund by 22.7% in the 3rd quarter. Raymond James Financial Inc. now owns 2,436,790 shares of the financial services provider’s stock worth $28,486,000 after acquiring an additional 450,413 shares during the last quarter. Bank of America Corp DE raised its stake in Nuveen Quality Municipal Income Fund by 8.7% in the 2nd quarter. Bank of America Corp DE now owns 2,659,934 shares of the financial services provider’s stock worth $30,031,000 after acquiring an additional 213,078 shares during the last quarter. NewEdge Advisors LLC lifted its position in Nuveen Quality Municipal Income Fund by 88.6% during the 4th quarter. NewEdge Advisors LLC now owns 371,835 shares of the financial services provider’s stock worth $4,469,000 after acquiring an additional 174,652 shares during the period. Finally, Jane Street Group LLC lifted its position in Nuveen Quality Municipal Income Fund by 139.4% during the 4th quarter. Jane Street Group LLC now owns 257,220 shares of the financial services provider’s stock worth $3,092,000 after acquiring an additional 149,761 shares during the period.

Nuveen Quality Municipal Income Fund Stock Performance

Shares of NYSE NAD opened at $12.05 on Friday. Nuveen Quality Municipal Income Fund has a 1-year low of $11.04 and a 1-year high of $12.31. The business has a fifty day moving average price of $11.83 and a 200 day moving average price of $11.92.

Nuveen Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a $0.0705 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

About Nuveen Quality Municipal Income Fund

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.