Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Up 27.8% in March

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 14,700 shares, a growth of 27.8% from the February 28th total of 11,500 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 26,800 shares, the short-interest ratio is currently 0.5 days.

Nuveen Arizona Quality Municipal Income Fund Stock Down 1.3 %

Nuveen Arizona Quality Municipal Income Fund stock traded down $0.16 during trading hours on Wednesday, hitting $12.19. 6,618 shares of the company traded hands, compared to its average volume of 28,762. The firm’s 50-day simple moving average is $12.36 and its two-hundred day simple moving average is $12.03. Nuveen Arizona Quality Municipal Income Fund has a 1-year low of $10.52 and a 1-year high of $13.55.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a $0.0725 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.87 annualized dividend and a dividend yield of 7.14%.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several large investors have recently modified their holdings of the stock. Brooklyn FI LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the 4th quarter valued at $954,000. Ameriflex Group Inc. purchased a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the fourth quarter worth approximately $53,000. Western Wealth Management LLC raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 2.5% during the fourth quarter. Western Wealth Management LLC now owns 40,876 shares of the investment management company’s stock valued at $465,000 after acquiring an additional 987 shares during the period. Cetera Investment Advisers lifted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 1.8% in the 4th quarter. Cetera Investment Advisers now owns 103,389 shares of the investment management company’s stock valued at $1,176,000 after acquiring an additional 1,787 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Nuveen Arizona Quality Municipal Income Fund by 54.1% during the 4th quarter. Stifel Financial Corp now owns 38,208 shares of the investment management company’s stock worth $435,000 after purchasing an additional 13,419 shares in the last quarter. 15.28% of the stock is owned by institutional investors.

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.