Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Stock Short Interest Report for September

by · The Markets Daily

Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 19,041 shares, a drop of 47.6% from the September 15th total of 36,327 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 53,299 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Nuveen Municipal Income Fund

A number of hedge funds have recently made changes to their positions in the business. World Investment Advisors bought a new stake in Nuveen Municipal Income Fund during the 1st quarter valued at $2,891,000. Hennion & Walsh Asset Management Inc. lifted its stake in Nuveen Municipal Income Fund by 195.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 209,716 shares of the company’s stock valued at $2,311,000 after purchasing an additional 138,770 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Nuveen Municipal Income Fund during the second quarter valued at approximately $409,000. Avior Wealth Management LLC boosted its holdings in Nuveen Municipal Income Fund by 68.7% during the third quarter. Avior Wealth Management LLC now owns 34,360 shares of the company’s stock worth $321,000 after buying an additional 13,990 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Nuveen Municipal Income Fund by 76.9% during the first quarter. Janney Montgomery Scott LLC now owns 20,783 shares of the company’s stock worth $217,000 after buying an additional 9,035 shares in the last quarter. Institutional investors own 16.57% of the company’s stock.

Nuveen Municipal Income Fund Price Performance

Shares of NYSE NMI traded up $0.02 during trading on Thursday, reaching $9.32. The stock had a trading volume of 54,383 shares, compared to its average volume of 32,653. Nuveen Municipal Income Fund has a one year low of $9.10 and a one year high of $11.28. The firm’s 50 day moving average price is $10.00 and its two-hundred day moving average price is $10.45.

Nuveen Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0380 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Thursday, October 15th.

Nuveen Municipal Income Fund Company Profile

(Get Free Report)

Nuveen Municipal Income Fund (NYSE: NMI) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities and other public entities in the United States.

Its portfolio may include general obligation bonds, revenue bonds and other tax-exempt debt instruments used to finance public infrastructure and services. The fund’s investment approach focuses on generating federally tax-exempt income while managing credit, interest-rate and other risks associated with municipal bonds.

Nuveen Municipal Income Fund is advised by Nuveen Asset Management, an investment manager within Nuveen, the asset-management division of TIAA.

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