Short Interest in Nuveen California Quality Municipal Income Fund (NYSE:NAC) Increases By 401.1%

Nuveen California Quality Municipal Income Fund (NYSE:NAC) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 320,700 shares, an increase of 401.1% from the February 28th total of 64,000 shares. Based on an average daily trading volume, of 430,300 shares, the short-interest ratio is presently 0.7 days.

Nuveen California Quality Municipal Income Fund Stock Down 0.0 %

Shares of NAC traded down $0.01 during mid-day trading on Friday, hitting $11.18. The company’s stock had a trading volume of 277,058 shares, compared to its average volume of 391,072. Nuveen California Quality Municipal Income Fund has a one year low of $10.60 and a one year high of $12.03. The stock’s 50-day moving average is $11.37 and its two-hundred day moving average is $11.51.

Nuveen California Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0735 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.89%. The ex-dividend date is Friday, March 14th.

Hedge Funds Weigh In On Nuveen California Quality Municipal Income Fund

Several large investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new stake in Nuveen California Quality Municipal Income Fund during the third quarter valued at approximately $119,000. CreativeOne Wealth LLC acquired a new stake in Nuveen California Quality Municipal Income Fund in the 3rd quarter valued at $128,000. Intellectus Partners LLC bought a new stake in Nuveen California Quality Municipal Income Fund in the fourth quarter valued at $152,000. Perigon Wealth Management LLC raised its stake in Nuveen California Quality Municipal Income Fund by 9.2% during the fourth quarter. Perigon Wealth Management LLC now owns 16,568 shares of the company’s stock worth $185,000 after acquiring an additional 1,400 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Nuveen California Quality Municipal Income Fund by 15.4% during the third quarter. EP Wealth Advisors LLC now owns 17,552 shares of the company’s stock valued at $209,000 after acquiring an additional 2,344 shares during the period.

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.