Nuveen Taxable Municipal Income Fund (NYSE:NBB) Short Interest Update

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 83,700 shares, a decrease of 53.7% from the November 15th total of 180,600 shares. Based on an average trading volume of 94,200 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Nuveen Taxable Municipal Income Fund

Several institutional investors and hedge funds have recently modified their holdings of NBB. Envestnet Asset Management Inc. raised its stake in Nuveen Taxable Municipal Income Fund by 30.3% in the second quarter. Envestnet Asset Management Inc. now owns 588,621 shares of the company’s stock worth $9,130,000 after buying an additional 136,725 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Nuveen Taxable Municipal Income Fund by 1,561.0% in the 3rd quarter. International Assets Investment Management LLC now owns 101,670 shares of the company’s stock worth $1,689,000 after acquiring an additional 95,549 shares in the last quarter. Eagle Bluffs Wealth Management LLC lifted its stake in shares of Nuveen Taxable Municipal Income Fund by 23.6% in the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 412,090 shares of the company’s stock valued at $6,431,000 after purchasing an additional 78,649 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Nuveen Taxable Municipal Income Fund by 7.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 702,630 shares of the company’s stock valued at $10,898,000 after purchasing an additional 46,140 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its stake in Nuveen Taxable Municipal Income Fund by 139.7% in the second quarter. Wolverine Asset Management LLC now owns 30,563 shares of the company’s stock worth $474,000 after purchasing an additional 17,814 shares during the period.

Nuveen Taxable Municipal Income Fund Stock Performance

Shares of NBB stock opened at $16.08 on Friday. Nuveen Taxable Municipal Income Fund has a 12-month low of $14.52 and a 12-month high of $17.31. The company has a 50 day moving average of $16.14 and a 200-day moving average of $16.08.

Nuveen Taxable Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.0965 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.16 annualized dividend and a yield of 7.20%.

Nuveen Taxable Municipal Income Fund Company Profile

Nuveen Taxable 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 also invests some portion of its portfolio in derivative instruments.