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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 507,099 shares, a decline of 42.0% from the August 31st total of 873,897 shares. Based on an average daily trading volume, of 985,595 shares, the days-to-cover ratio is presently 0.5 days.

Nuveen California Quality Municipal Income Fund Stock Up 0.3%

NYSE:NAC traded up $0.03 during trading hours on Friday, reaching $10.30. 523,627 shares of the company’s stock were exchanged, compared to its average volume of 611,877. The company has a 50-day moving average of $11.34 and a 200 day moving average of $11.69. Nuveen California Quality Municipal Income Fund has a 1-year low of $10.19 and a 1-year high of $12.25.

Nuveen California Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.0695 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Thursday, October 15th.

Hedge Funds Weigh In On Nuveen California Quality Municipal Income Fund

A number of large investors have recently modified their holdings of NAC. Oder Investment Management LLC grew its stake in Nuveen California Quality Municipal Income Fund by 2.0% during the first quarter. Oder Investment Management LLC now owns 63,057 shares of the company’s stock worth $735,000 after buying an additional 1,221 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Nuveen California Quality Municipal Income Fund by 7.8% in the second quarter. Oppenheimer & Co. Inc. now owns 40,542 shares of the company’s stock valued at $491,000 after acquiring an additional 2,921 shares during the last quarter. Ameritas Advisory Services LLC boosted its holdings in Nuveen California Quality Municipal Income Fund by 25.0% in the second quarter. Ameritas Advisory Services LLC now owns 15,202 shares of the company’s stock valued at $184,000 after acquiring an additional 3,045 shares during the last quarter. NWF Advisory Services Inc. increased its position in Nuveen California Quality Municipal Income Fund by 20.0% in the first quarter. NWF Advisory Services Inc. now owns 18,490 shares of the company’s stock worth $215,000 after purchasing an additional 3,085 shares during the period. Finally, Allworth Financial LP raised its holdings in Nuveen California Quality Municipal Income Fund by 3.1% during the 2nd quarter. Allworth Financial LP now owns 117,152 shares of the company’s stock worth $1,420,000 after purchasing an additional 3,523 shares during the last quarter.

Nuveen California Quality Municipal Income Fund Company Profile

Nuveen California Quality Municipal Income Fund (NYSE: NAC) is a closed-end management investment company designed to provide current income that is exempt from regular federal income taxes and California state income taxes. The fund is part of Nuveen’s range of municipal bond investment products.

The fund invests primarily in investment-grade municipal obligations issued by states, municipalities and other governmental entities in California. Its portfolio may include bonds that finance public infrastructure and essential services, such as schools, transportation systems, utilities, health care facilities and other community projects.