Nuveen Taxable Municipal Income Fund (NYSE:NBB) Short Interest Update

Nuveen Taxable Municipal Income Fund (NYSE:NBB) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 104,031 shares, an increase of 140.9% from the April 30th total of 43,176 shares. Based on an average trading volume of 48,566 shares, the short-interest ratio is currently 2.1 days.

Institutional Trading of Nuveen Taxable Municipal Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC boosted its holdings in shares of Nuveen Taxable Municipal Income Fund by 2.0% during the 4th quarter. Advisory Services Network LLC now owns 38,550 shares of the company’s stock worth $609,000 after buying an additional 750 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Nuveen Taxable Municipal Income Fund by 6.4% during the 3rd quarter. NewEdge Advisors LLC now owns 16,050 shares of the company’s stock worth $260,000 after buying an additional 961 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Nuveen Taxable Municipal Income Fund by 0.7% during the 2nd quarter. Baird Financial Group Inc. now owns 153,486 shares of the company’s stock worth $2,428,000 after buying an additional 1,005 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in shares of Nuveen Taxable Municipal Income Fund by 1.9% during the 4th quarter. Bruce G. Allen Investments LLC now owns 57,867 shares of the company’s stock worth $914,000 after buying an additional 1,102 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of Nuveen Taxable Municipal Income Fund by 4.3% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 27,429 shares of the company’s stock worth $433,000 after buying an additional 1,122 shares during the period.

Nuveen Taxable Municipal Income Fund Price Performance

Shares of NBB opened at $15.87 on Tuesday. The firm has a 50-day moving average of $15.73 and a 200-day moving average of $15.90. Nuveen Taxable Municipal Income Fund has a one year low of $14.95 and a one year high of $16.62.

Nuveen Taxable Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a dividend of $0.0965 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.3%.

Nuveen Taxable Municipal Income Fund Company Profile

The Nuveen Taxable Municipal Income Fund (NYSE:NBB) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. Established in 2008 and managed by Nuveen Asset Management LLC, the fund primarily invests in investment-grade municipal debt obligations. Its shares are traded on the New York Stock Exchange under the ticker symbol NBB.

NBB’s investment strategy focuses on taxable municipal securities, including pre-refunded and unrated obligations, issued by U.S.