Short Interest in Nuveen Quality Municipal Income Fund (NYSE:NAD) Decreases By 29.9%

Nuveen Quality Municipal Income Fund (NYSE:NAD) 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

A number of large investors have recently made changes to their positions in the company. Journey Strategic Wealth LLC grew its position in shares of Nuveen Quality Municipal Income Fund by 2.0% in the 4th quarter. Journey Strategic Wealth LLC now owns 44,023 shares of the financial services provider’s stock valued at $513,000 after purchasing an additional 864 shares during the period. Simon Quick Advisors LLC grew its holdings in shares of Nuveen Quality Municipal Income Fund by 6.0% during the fourth quarter. Simon Quick Advisors LLC now owns 16,066 shares of the financial services provider’s stock worth $187,000 after buying an additional 912 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Nuveen Quality Municipal Income Fund by 3.5% during the fourth quarter. Bank of Montreal Can now owns 31,874 shares of the financial services provider’s stock worth $372,000 after buying an additional 1,064 shares in the last quarter. Private Trust Co. NA raised its position in Nuveen Quality Municipal Income Fund by 17.8% in the 3rd quarter. Private Trust Co. NA now owns 7,267 shares of the financial services provider’s stock valued at $90,000 after buying an additional 1,100 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Nuveen Quality Municipal Income Fund by 8.8% in the 4th quarter. EP Wealth Advisors LLC now owns 14,716 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 1,186 shares in the last quarter.

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.