Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 19,600 shares, an increase of 49.6% from the May 15th total of 13,100 shares. Based on an average daily volume of 18,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the shares of the stock are sold short.
Institutional Trading of Nuveen Arizona Quality Municipal Income Fund
Several institutional investors and hedge funds have recently modified their holdings of the business. Ameriflex Group Inc. purchased a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the fourth quarter worth about $53,000. Key Financial Inc bought a new stake in Nuveen Arizona Quality Municipal Income Fund during the first quarter valued at approximately $61,000. NewEdge Advisors LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund in the 1st quarter worth approximately $211,000. Royal Bank of Canada grew its stake in Nuveen Arizona Quality Municipal Income Fund by 11.1% in the 1st quarter. Royal Bank of Canada now owns 23,983 shares of the investment management company's stock worth $289,000 after buying an additional 2,391 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 8.2% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 26,400 shares of the investment management company's stock worth $320,000 after buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 15.28% of the company's stock.
Nuveen Arizona Quality Municipal Income Fund Trading Down 0.6%
Shares of NAZ stock traded down $0.07 on Thursday, reaching $11.63. The company's stock had a trading volume of 3,903 shares, compared to its average volume of 28,012. Nuveen Arizona Quality Municipal Income Fund has a 12-month low of $11.07 and a 12-month high of $13.55. The stock's 50 day simple moving average is $11.77 and its 200-day simple moving average is $12.00.
Nuveen Arizona Quality Municipal Income Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $0.0725 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.87 dividend on an annualized basis and a yield of 7.48%.
About Nuveen Arizona Quality Municipal Income Fund
(
Get Free Report)
Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years.
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