Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Update

Nuveen California Quality Municipal Income Fund (NYSE:NAC) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 141,600 shares, a growth of 96.1% from the January 31st total of 72,200 shares. Based on an average trading volume of 461,500 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen California Quality Municipal Income Fund Price Performance

Shares of NYSE NAC traded up $0.14 during midday trading on Friday, hitting $11.60. 438,813 shares of the company traded hands, compared to its average volume of 400,888. Nuveen California Quality Municipal Income Fund has a 12-month low of $10.60 and a 12-month high of $12.03. The stock has a 50-day moving average price of $11.33 and a 200 day moving average price of $11.56.

Nuveen California Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.0735 per share. This represents a $0.88 annualized dividend and a dividend yield of 7.61%. The ex-dividend date is Friday, February 14th.

Hedge Funds Weigh In On Nuveen California Quality Municipal Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC purchased a new position in shares of Nuveen California Quality Municipal Income Fund during the third quarter valued at about $119,000. CreativeOne Wealth LLC bought a new stake in Nuveen California Quality Municipal Income Fund during the third quarter worth about $128,000. Intellectus Partners LLC bought a new stake in Nuveen California Quality Municipal Income Fund during the fourth quarter worth about $152,000. Perigon Wealth Management LLC boosted its stake in Nuveen California Quality Municipal Income Fund by 9.2% during the fourth quarter. Perigon Wealth Management LLC now owns 16,568 shares of the company’s stock worth $185,000 after acquiring an additional 1,400 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in Nuveen California Quality Municipal Income Fund by 15.4% during the third quarter. EP Wealth Advisors LLC now owns 17,552 shares of the company’s stock worth $209,000 after acquiring an additional 2,344 shares in the last quarter.

Nuveen California Quality Municipal Income Fund Company Profile

Nuveen California Quality Municipal Income Fund 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 California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.