Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Update

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 14,700 shares, an increase of 27.8% from the February 28th total of 11,500 shares. Based on an average daily volume of 26,800 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Institutional investors have recently made changes to their positions in the stock. Ameriflex Group Inc. bought a new position in Nuveen Arizona Quality Municipal Income Fund during the fourth quarter valued at approximately $53,000. Bartlett & CO. Wealth Management LLC raised its stake in Nuveen Arizona Quality Municipal Income Fund by 4.3% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 24,400 shares of the investment management company’s stock valued at $278,000 after buying an additional 1,000 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 50.4% during the 3rd quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock valued at $293,000 after buying an additional 8,305 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the 4th quarter worth $329,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 3.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 29,292 shares of the investment management company’s stock worth $333,000 after acquiring an additional 1,076 shares during the period. Hedge funds and other institutional investors own 15.28% of the company’s stock.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

NAZ stock opened at $12.05 on Tuesday. Nuveen Arizona Quality Municipal Income Fund has a 1-year low of $10.52 and a 1-year high of $13.55. The business has a fifty day moving average price of $12.36 and a 200-day moving average price of $12.02.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0725 per share. This represents a $0.87 annualized dividend and a yield of 7.22%. The ex-dividend date is Friday, March 14th.

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.