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

Nuveen Quality Municipal Income Fund (NYSE:NAD) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 140,500 shares, a decrease of 16.9% from the December 15th total of 169,000 shares. Based on an average daily volume of 855,900 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Pathstone Holdings LLC grew its holdings in Nuveen Quality Municipal Income Fund by 16.4% during the 3rd quarter. Pathstone Holdings LLC now owns 1,794,711 shares of the financial services provider’s stock valued at $22,219,000 after buying an additional 252,384 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Nuveen Quality Municipal Income Fund by 10.8% in the third quarter. HighTower Advisors LLC now owns 869,231 shares of the financial services provider’s stock valued at $10,762,000 after purchasing an additional 84,641 shares in the last quarter. Gill Capital Partners LLC increased its position in Nuveen Quality Municipal Income Fund by 8.8% in the third quarter. Gill Capital Partners LLC now owns 812,693 shares of the financial services provider’s stock worth $10,061,000 after purchasing an additional 65,613 shares during the last quarter. Raymond James & Associates raised its stake in Nuveen Quality Municipal Income Fund by 7.3% during the third quarter. Raymond James & Associates now owns 612,107 shares of the financial services provider’s stock valued at $7,578,000 after purchasing an additional 41,661 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC lifted its position in Nuveen Quality Municipal Income Fund by 6.2% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 581,350 shares of the financial services provider’s stock valued at $7,241,000 after purchasing an additional 33,691 shares during the last quarter.

Nuveen Quality Municipal Income Fund Stock Up 0.2 %

Shares of NAD stock traded up $0.03 on Friday, hitting $11.66. 654,116 shares of the stock traded hands, compared to its average volume of 803,129. Nuveen Quality Municipal Income Fund has a 52 week low of $10.84 and a 52 week high of $12.47. The firm has a 50 day simple moving average of $11.89 and a two-hundred day simple moving average of $11.99.

Nuveen Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a dividend of $0.0755 per share. This represents a $0.91 annualized dividend and a dividend yield of 7.77%. The ex-dividend date is Wednesday, January 15th.

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.