Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Down 76.7% in September

by · The Cerbat Gem

Nuveen California Quality Municipal Income Fund (NYSE:NAC – Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 39,500 shares, a drop of 76.7% from the September 15th total of 169,700 shares. Based on an average trading volume of 487,900 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Nuveen California Quality Municipal Income Fund

Institutional investors have recently modified their holdings of the stock. Napa Wealth Management acquired a new position in Nuveen California Quality Municipal Income Fund during the 4th quarter worth approximately $446,000. EP Wealth Advisors LLC boosted its position in Nuveen California Quality Municipal Income Fund by 14.5% during the 4th quarter. EP Wealth Advisors LLC now owns 16,010 shares of the company’s stock worth $178,000 after acquiring an additional 2,024 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Nuveen California Quality Municipal Income Fund during the 4th quarter worth approximately $140,000. Sanders Morris Harris LLC bought a new stake in shares of Nuveen California Quality Municipal Income Fund during the 1st quarter worth approximately $110,000. Finally, International Assets Investment Management LLC raised its stake in shares of Nuveen California Quality Municipal Income Fund by 7.5% during the 1st quarter. International Assets Investment Management LLC now owns 26,600 shares of the company’s stock worth $293,000 after purchasing an additional 1,860 shares in the last quarter.

Nuveen California Quality Municipal Income Fund Stock Performance

Shares of Nuveen California Quality Municipal Income Fund stock traded down $0.02 during trading on Thursday, reaching $11.85. The company’s stock had a trading volume of 353,164 shares, compared to its average volume of 394,132. The stock has a 50-day moving average price of $11.81 and a two-hundred day moving average price of $11.40. Nuveen California Quality Municipal Income Fund has a one year low of $9.32 and a one year high of $12.03.

Nuveen California Quality Municipal Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.073 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.88 annualized dividend and a dividend yield of 7.39%.

Nuveen California Quality Municipal Income Fund Company Profile

(Get Free Report)

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.

Read More