Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 31,500 shares, a drop of 25.4% from the August 15th total of 42,200 shares. Based on an average daily volume of 19,900 shares, the days-to-cover ratio is presently 1.6 days.
Institutional Investors Weigh In On Nuveen Municipal Income Fund
A hedge fund recently bought a new stake in Nuveen Municipal Income Fund stock. Rothschild Investment LLC bought a new stake in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 50,000 shares of the company’s stock, valued at approximately $490,000. Rothschild Investment LLC owned approximately 0.50% of Nuveen Municipal Income Fund as of its most recent SEC filing. 16.57% of the stock is owned by hedge funds and other institutional investors.
Nuveen Municipal Income Fund Stock Down 0.2 %
NMI opened at $10.20 on Friday. Nuveen Municipal Income Fund has a twelve month low of $8.30 and a twelve month high of $10.30. The business’s 50 day moving average is $10.08 and its 200-day moving average is $9.61.
Nuveen Municipal Income Fund Dividend Announcement
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.
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