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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 11,500 shares, a decrease of 57.2% from the February 13th total of 26,900 shares. Based on an average trading volume of 29,200 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NAZ. Stifel Financial Corp grew its position in shares of 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 worth $293,000 after buying an additional 8,305 shares in the last quarter. Bartlett & CO. Wealth Management LLC grew its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 4.3% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 24,400 shares of the investment management company’s stock valued at $278,000 after buying an additional 1,000 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the fourth quarter worth about $329,000. Raymond James Financial Inc. acquired a new stake in Nuveen Arizona Quality Municipal Income Fund during the 4th quarter valued at approximately $472,000. Finally, Commonwealth Equity Services LLC grew its position in Nuveen Arizona Quality Municipal Income Fund by 3.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 29,292 shares of the investment management company’s stock worth $333,000 after purchasing an additional 1,076 shares during the period. 15.28% of the stock is owned by hedge funds and other institutional investors.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

NAZ traded down $0.08 during midday trading on Thursday, reaching $12.22. The company had a trading volume of 18,264 shares, compared to its average volume of 28,534. Nuveen Arizona Quality Municipal Income Fund has a 1 year low of $10.52 and a 1 year high of $13.55. The business has a 50-day moving average of $12.27 and a two-hundred day moving average of $11.99.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.0725 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.12%.

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.