Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Sees Large Growth in Short Interest

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 46,179 shares, a growth of 24.4% from the February 12th total of 37,130 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 28,736 shares, the short-interest ratio is presently 1.6 days. Based on an average daily trading volume, of 28,736 shares, the short-interest ratio is presently 1.6 days. Currently, 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers increased its stake in Nuveen Arizona Quality Municipal Income Fund by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 99,758 shares of the investment management company’s stock worth $1,185,000 after buying an additional 1,509 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 12.3% during the fourth quarter. Royal Bank of Canada now owns 18,712 shares of the investment management company’s stock worth $222,000 after acquiring an additional 2,056 shares during the last quarter. Smartleaf Asset Management LLC purchased a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the third quarter valued at about $30,000. CoreCap Advisors LLC lifted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 125.0% in the fourth quarter. CoreCap Advisors LLC now owns 4,500 shares of the investment management company’s stock worth $53,000 after buying an additional 2,500 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 7.7% in the fourth quarter. Stifel Financial Corp now owns 39,721 shares of the investment management company’s stock worth $472,000 after buying an additional 2,832 shares in the last quarter. Hedge funds and other institutional investors own 15.28% of the company’s stock.

Nuveen Arizona Quality Municipal Income Fund Stock Up 1.0%

NAZ stock traded up $0.13 on Tuesday, reaching $12.61. 27,062 shares of the company traded hands, compared to its average volume of 30,738. The firm has a fifty day simple moving average of $12.11 and a 200-day simple moving average of $11.97. Nuveen Arizona Quality Municipal Income Fund has a one year low of $11.40 and a one year high of $12.64.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.0655 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

About Nuveen Arizona Quality Municipal Income Fund

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.