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

by · The Cerbat Gem

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ – Get Free Report) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 34,100 shares, an increase of 162.3% from the October 31st total of 13,000 shares. Based on an average trading volume of 40,100 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers increased its stake in Nuveen Arizona Quality Municipal Income Fund by 1.1% in the second quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock worth $1,114,000 after purchasing an additional 1,072 shares during the period. Cetera Advisors LLC increased its stake in Nuveen Arizona Quality Municipal Income Fund by 1.5% in the 1st quarter. Cetera Advisors LLC now owns 94,537 shares of the investment management company’s stock worth $1,038,000 after buying an additional 1,372 shares during the period. Whitebox Advisors LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at about $405,000. Commonwealth Equity Services LLC boosted its position in Nuveen Arizona Quality Municipal Income Fund by 4.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock valued at $299,000 after buying an additional 1,052 shares during the period. Finally, Stifel Financial Corp grew its stake in Nuveen Arizona Quality Municipal Income Fund by 50.4% in the 3rd quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock worth $293,000 after acquiring an additional 8,305 shares in the last quarter. Hedge funds and other institutional investors own 15.28% of the company’s stock.

Nuveen Arizona Quality Municipal Income Fund Trading Up 0.1 %

NYSE NAZ opened at $12.21 on Thursday. The stock has a 50 day moving average price of $11.85 and a 200-day moving average price of $11.53. Nuveen Arizona Quality Municipal Income Fund has a one year low of $10.33 and a one year high of $13.33.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.0725 dividend. This represents a $0.87 annualized dividend and a dividend yield of 7.13%. The ex-dividend date is Friday, November 15th.

About Nuveen Arizona Quality Municipal Income Fund

(Get Free Report)

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.

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