Nuveen Quality Municipal Income Fund (NYSE:NAD) Stock Short Interest Report for October

Nuveen Quality Municipal Income Fund (NYSE:NAD) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 336,811 shares, an increase of 524.1% from the September 30th total of 53,969 shares. Based on an average daily volume of 2,016,736 shares, the short-interest ratio is presently 0.2 days.

Insider Buying and Selling

In related news, insider Terence J. Toth purchased 7,090 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The shares were purchased at an average price of $10.13 per share, with a total value of $71,821.70. Following the purchase, the insider owned 11,221 shares of the company’s stock, valued at $113,668.73. The trade was a 171.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Young L. Robert sold 32,727 shares of the business’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $10.32, for a total transaction of $337,742.64. The disclosure for this sale is available in the SEC filing.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

Large investors have recently bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new position in shares of Nuveen Quality Municipal Income Fund in the second quarter valued at approximately $31,000. Latitude Advisors LLC acquired a new stake in shares of Nuveen Quality Municipal Income Fund in the third quarter valued at about $56,000. Allied Private Wealth LLC purchased a new position in shares of Nuveen Quality Municipal Income Fund in the second quarter worth about $75,000. Silver Oak Securities Incorporated lifted its stake in Nuveen Quality Municipal Income Fund by 12.3% in the 1st quarter. Silver Oak Securities Incorporated now owns 9,881 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in Nuveen Quality Municipal Income Fund in the 1st quarter worth approximately $115,000.

Nuveen Quality Municipal Income Fund Stock Performance

NAD traded down $0.01 during midday trading on Tuesday, hitting $10.56. 494,657 shares of the company traded hands, compared to its average volume of 895,884. The business has a 50 day simple moving average of $10.78 and a two-hundred day simple moving average of $11.61. Nuveen Quality Municipal Income Fund has a 52-week low of $9.66 and a 52-week high of $12.31.

Nuveen Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a $0.0705 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.85 dividend on an annualized basis and a yield of 8.0%.

About Nuveen Quality Municipal Income Fund

Nuveen Quality Municipal Income Fund (NYSE: NAD) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in a diversified portfolio of municipal obligations issued by U.S. states, cities, counties, and other public entities.

The fund’s holdings may include general obligation bonds, revenue bonds, and other tax-exempt municipal securities used to finance public infrastructure and essential services.