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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) saw a significant increase in short interest in 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 daily volume of 40,100 shares, the days-to-cover ratio is presently 0.9 days.

Nuveen Arizona Quality Municipal Income Fund Trading Up 0.1 %

Shares of Nuveen Arizona Quality Municipal Income Fund stock opened at $12.21 on Thursday. The company has a 50-day simple moving average of $11.85 and a two-hundred day simple moving average 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 Announces Dividend

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

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the second quarter worth $34,000. Stifel Financial Corp increased its position in Nuveen Arizona Quality Municipal Income Fund by 50.4% during the 3rd quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock valued at $293,000 after buying an additional 8,305 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Nuveen Arizona Quality Municipal Income Fund by 4.1% during 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 in the last quarter. Whitebox Advisors LLC purchased a new stake in Nuveen Arizona Quality Municipal Income Fund in the second quarter valued at about $405,000. Finally, Cetera Advisors LLC increased its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 1.5% during the first quarter. Cetera Advisors LLC now owns 94,537 shares of the investment management company’s stock valued at $1,038,000 after acquiring an additional 1,372 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 Company Profile

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.