Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Update

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 33,696 shares, an increase of 21.1% from the December 15th total of 27,823 shares. Based on an average daily trading volume, of 26,175 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 26,175 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NAZ. CoreCap Advisors LLC lifted its stake in Nuveen Arizona Quality Municipal Income Fund by 125.0% in the 4th quarter. CoreCap Advisors LLC now owns 4,500 shares of the investment management company’s stock valued at $53,000 after acquiring an additional 2,500 shares in the last quarter. Ameriflex Group Inc. raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 100.0% in the third quarter. Ameriflex Group Inc. now owns 8,620 shares of the investment management company’s stock valued at $102,000 after purchasing an additional 4,310 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the third quarter worth $30,000. Bank of America Corp DE boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 14.1% during the second quarter. Bank of America Corp DE now owns 37,054 shares of the investment management company’s stock worth $433,000 after purchasing an additional 4,593 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 8.1% during the second quarter. Raymond James Financial Inc. now owns 51,009 shares of the investment management company’s stock worth $596,000 after purchasing an additional 3,813 shares during the last quarter. 15.28% of the stock is currently owned by institutional investors.

Nuveen Arizona Quality Municipal Income Fund Trading Down 0.4%

Shares of NYSE:NAZ traded down $0.05 during midday trading on Monday, reaching $11.96. 32,896 shares of the company were exchanged, compared to its average volume of 29,936. Nuveen Arizona Quality Municipal Income Fund has a fifty-two week low of $11.40 and a fifty-two week high of $13.55. The stock has a fifty day simple moving average of $11.95 and a two-hundred day simple moving average of $11.88.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a $0.0655 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Thursday, January 15th.

Nuveen Arizona Quality Municipal Income Fund Company Profile

Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from regular U.S. federal income tax. Managed by Nuveen Asset Management, the fund focuses on investment-grade municipal obligations issued by or on behalf of entities located in the state of Arizona. Its portfolio typically includes general obligation bonds, revenue bonds and essential-purpose municipal securities backed by state and local governments and quasi-governmental agencies.

The fund employs fundamental credit analysis to select bonds that meet rigorous quality standards, aiming to preserve principal while generating tax-advantaged income.