Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Short Interest Up 30.4% in March

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 17,600 shares, an increase of 30.4% from the February 28th total of 13,500 shares. Based on an average trading volume of 25,900 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Nuveen Municipal Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in NMI. South Plains Financial Inc. acquired a new position in shares of Nuveen Municipal Income Fund in the fourth quarter valued at approximately $36,000. WESPAC Advisors LLC purchased a new position in Nuveen Municipal Income Fund in the 4th quarter valued at $94,000. Janney Montgomery Scott LLC acquired a new position in Nuveen Municipal Income Fund in the 4th quarter valued at $109,000. Wolverine Asset Management LLC purchased a new position in Nuveen Municipal Income Fund during the 4th quarter worth $775,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Nuveen Municipal Income Fund by 27.9% in the 4th quarter. Jones Financial Companies Lllp now owns 192,296 shares of the company’s stock worth $1,810,000 after acquiring an additional 41,907 shares during the period. 16.57% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Income Fund Stock Up 0.1 %

NMI stock traded up $0.01 on Tuesday, hitting $9.85. The company’s stock had a trading volume of 8,877 shares, compared to its average volume of 26,043. Nuveen Municipal Income Fund has a 1 year low of $9.11 and a 1 year high of $10.30. The firm has a 50 day moving average of $9.82 and a two-hundred day moving average of $9.75.

Nuveen Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.038 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen Municipal Income Fund Company Profile

Nuveen Municipal Income Fund, Inc is a closed ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations issued by state and local government authorities.