Nuveen California Quality Municipal Income Fund (NYSE:NAC – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 74,000 shares, a growth of 109.0% from the August 15th total of 35,400 shares. Based on an average daily trading volume, of 458,700 shares, the short-interest ratio is presently 0.2 days.
Institutional Trading of Nuveen California Quality Municipal Income Fund
Hedge funds have recently added to or reduced their stakes in the business. Riverview Trust Co bought a new stake in Nuveen California Quality Municipal Income Fund during the 1st quarter valued at $117,000. Ignite Planners LLC boosted its holdings in shares of Nuveen California Quality Municipal Income Fund by 20.9% during the first quarter. Ignite Planners LLC now owns 212,658 shares of the company’s stock worth $2,339,000 after purchasing an additional 36,728 shares during the period. Southland Equity Partners LLC increased its holdings in Nuveen California Quality Municipal Income Fund by 43.2% during the 1st quarter. Southland Equity Partners LLC now owns 90,940 shares of the company’s stock valued at $1,002,000 after purchasing an additional 27,440 shares during the period. EP Wealth Advisors LLC raised its position in Nuveen California Quality Municipal Income Fund by 14.5% during the 4th quarter. EP Wealth Advisors LLC now owns 16,010 shares of the company’s stock valued at $178,000 after purchasing an additional 2,024 shares during the last quarter. Finally, Sanders Morris Harris LLC purchased a new stake in Nuveen California Quality Municipal Income Fund in the 1st quarter worth approximately $110,000.
Nuveen California Quality Municipal Income Fund Stock Up 0.1 %
NAC traded up $0.01 during midday trading on Friday, hitting $11.91. The stock had a trading volume of 408,440 shares, compared to its average volume of 378,538. Nuveen California Quality Municipal Income Fund has a 1 year low of $9.32 and a 1 year high of $12.03. The business has a fifty day moving average of $11.70 and a 200 day moving average of $11.30.
Nuveen California Quality Municipal Income Fund Increases Dividend
About Nuveen California Quality Municipal Income Fund
Nuveen California Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.
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