Nuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 131,500 shares, a decline of 29.9% from the February 13th total of 187,700 shares. Based on an average trading volume of 830,100 shares, the short-interest ratio is presently 0.2 days.
Nuveen Quality Municipal Income Fund Stock Down 0.8 %
Shares of NYSE:NAD traded down $0.10 during midday trading on Friday, hitting $11.63. The company had a trading volume of 604,516 shares, compared to its average volume of 747,687. Nuveen Quality Municipal Income Fund has a 12 month low of $10.84 and a 12 month high of $12.47. The firm has a fifty day simple moving average of $11.79 and a 200 day simple moving average of $11.97.
Nuveen Quality Municipal Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0755 per share. The ex-dividend date is Friday, March 14th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 7.79%.
Institutional Trading of Nuveen Quality Municipal Income Fund
About Nuveen Quality Municipal Income Fund
Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.
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