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

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 29,500 shares, a decrease of 39.5% from the September 15th total of 48,800 shares. Based on an average trading volume of 83,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NBB. International Assets Investment Management LLC bought a new position in Nuveen Taxable Municipal Income Fund in the 2nd quarter valued at about $95,000. Oppenheimer & Co. Inc. bought a new position in shares of Nuveen Taxable Municipal Income Fund during the first quarter worth approximately $154,000. Integrated Capital Management Inc. increased its holdings in shares of Nuveen Taxable Municipal Income Fund by 7.1% during the first quarter. Integrated Capital Management Inc. now owns 11,358 shares of the company’s stock worth $174,000 after purchasing an additional 750 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of Nuveen Taxable Municipal Income Fund during the first quarter worth approximately $194,000. Finally, Cetera Advisors LLC bought a new position in shares of Nuveen Taxable Municipal Income Fund during the first quarter worth approximately $229,000.

Nuveen Taxable Municipal Income Fund Price Performance

Nuveen Taxable Municipal Income Fund stock opened at $16.27 on Friday. Nuveen Taxable Municipal Income Fund has a twelve month low of $13.67 and a twelve month high of $17.31. The company’s 50-day moving average price is $16.62 and its two-hundred day moving average price is $15.71.

Nuveen Taxable Municipal Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.097 dividend. This is a boost from Nuveen Taxable Municipal Income Fund’s previous monthly dividend of $0.10. This represents a $1.16 annualized dividend and a yield of 7.15%. The ex-dividend date of this dividend is Tuesday, October 15th.

About Nuveen Taxable Municipal Income Fund

Nuveen Taxable 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 the United States. The fund also invests some portion of its portfolio in derivative instruments.