Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Short Interest Report for September

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 12,881 shares, a decline of 72.3% from the September 15th total of 46,575 shares. Based on an average daily trading volume, of 64,982 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Nuveen Arizona Quality Municipal Income Fund Trading Down 0.0%

Nuveen Arizona Quality Municipal Income Fund stock traded down $0.01 on Monday, hitting $10.65. The company’s stock had a trading volume of 22,783 shares, compared to its average volume of 27,495. Nuveen Arizona Quality Municipal Income Fund has a one year low of $10.18 and a one year high of $13.42. The company has a fifty day moving average price of $11.78 and a 200-day moving average price of $12.29.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a $0.0620 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.74 dividend on an annualized basis and a yield of 7.0%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC lifted its stake in Nuveen Arizona Quality Municipal Income Fund by 66.7% during the second quarter. CoreCap Advisors LLC now owns 7,500 shares of the investment management company’s stock worth $94,000 after purchasing an additional 3,000 shares during the period. Allworth Financial LP bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter valued at approximately $108,000. Independent Financial Group LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 1st quarter valued at approximately $245,000. Diversify Advisory Services LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter worth approximately $343,000. Finally, Diversify Wealth Management LLC raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 36.5% in the 1st quarter. Diversify Wealth Management LLC now owns 28,036 shares of the investment management company’s stock worth $353,000 after buying an additional 7,500 shares in the last quarter. Institutional investors and hedge funds own 15.28% of the company’s stock.

About Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ) is a closed-end investment fund managed by Nuveen Fund Advisors. The fund seeks to provide current income that is exempt from regular federal income tax and Arizona state and local income taxes by investing primarily in municipal securities.

Its portfolio generally consists of investment-grade or otherwise creditworthy bonds issued by Arizona state and local governments, municipalities, public authorities and related entities. These securities may help finance public infrastructure and essential services, including education, transportation, utilities, health care and other community facilities.

The fund may also invest in municipal obligations issued outside Arizona when permitted by its investment strategy.