Short Interest in Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Decreases By 15.6%

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 15,700 shares, a decrease of 15.6% from the November 30th total of 18,600 shares. Based on an average daily volume of 37,700 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen Arizona Quality Municipal Income Fund Price Performance

NAZ traded up $0.04 during midday trading on Friday, hitting $11.32. 43,888 shares of the company traded hands, compared to its average volume of 26,810. The company’s 50-day moving average is $11.91 and its 200 day moving average is $11.69. Nuveen Arizona Quality Municipal Income Fund has a 52 week low of $10.52 and a 52 week high of $13.33.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.0725 dividend. This represents a $0.87 annualized dividend and a yield of 7.69%. The ex-dividend date is Friday, December 13th.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of NAZ. Commonwealth Equity Services LLC raised its position in Nuveen Arizona Quality Municipal Income Fund by 4.1% in the second quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock worth $299,000 after acquiring an additional 1,052 shares during the period. Cetera Investment Advisers increased its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock worth $1,114,000 after purchasing an additional 1,072 shares in the last quarter. Blue Bell Private Wealth Management LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter worth $34,000. Stifel Financial Corp lifted its position in Nuveen Arizona Quality Municipal Income Fund by 50.4% during the third quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock valued at $293,000 after purchasing an additional 8,305 shares in the last quarter. Finally, Whitebox Advisors LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund during the second quarter valued at about $405,000. 15.28% of the stock is owned by institutional investors.

About Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years.