Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Down 15.6% in December

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 15,700 shares, a drop of 15.6% from the November 30th total of 18,600 shares. Based on an average trading volume of 37,700 shares, the days-to-cover ratio is presently 0.4 days.

Nuveen Arizona Quality Municipal Income Fund Price Performance

Shares of NYSE NAZ traded up $0.08 during trading on Tuesday, hitting $11.38. 31,805 shares of the company were exchanged, compared to its average volume of 27,084. Nuveen Arizona Quality Municipal Income Fund has a 1 year low of $10.52 and a 1 year high of $13.33. The firm’s fifty day moving average price is $11.90 and its 200 day moving average price is $11.70.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.0725 per share. This represents a $0.87 annualized dividend and a dividend yield of 7.64%. The ex-dividend date is Friday, December 13th.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers grew its position in shares of 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 valued at $1,114,000 after purchasing an additional 1,072 shares during the last quarter. Whitebox Advisors LLC acquired a new stake in Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at $405,000. Commonwealth Equity Services LLC increased its position in Nuveen Arizona Quality Municipal Income Fund by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock worth $299,000 after buying an additional 1,052 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 50.4% in the third 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 during the last quarter. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter valued at $34,000. 15.28% of the stock is owned by hedge funds and other institutional investors.

About Nuveen Arizona Quality Municipal Income Fund

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.