Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Up 230.5% in March

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 31,400 shares, an increase of 230.5% from the March 15th total of 9,500 shares. Based on an average daily volume of 482,600 shares, the short-interest ratio is presently 0.1 days.

Nuveen Arizona Quality Municipal Income Fund Stock Down 0.2 %

NYSE NAZ traded down $0.02 during trading hours on Thursday, hitting $10.72. The company had a trading volume of 11,001 shares, compared to its average volume of 16,859. Nuveen Arizona Quality Municipal Income Fund has a fifty-two week low of $9.22 and a fifty-two week high of $11.25. The firm's 50 day moving average is $10.90 and its 200 day moving average is $10.46.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.0425 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.51 annualized dividend and a yield of 4.76%.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Robinson Capital Management LLC boosted its position in Nuveen Arizona Quality Municipal Income Fund by 6.2% in the 4th quarter. Robinson Capital Management LLC now owns 70,472 shares of the investment management company's stock valued at $756,000 after buying an additional 4,087 shares during the last quarter. Matisse Capital boosted its position in Nuveen Arizona Quality Municipal Income Fund by 21.9% in the 4th quarter. Matisse Capital now owns 148,851 shares of the investment management company's stock valued at $1,594,000 after buying an additional 26,718 shares during the last quarter. Alesco Advisors LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund in the 4th quarter valued at about $153,000. Wolverine Asset Management LLC boosted its position in Nuveen Arizona Quality Municipal Income Fund by 8.9% in the 4th quarter. Wolverine Asset Management LLC now owns 99,280 shares of the investment management company's stock valued at $1,063,000 after buying an additional 8,149 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Nuveen Arizona Quality Municipal Income Fund by 9.4% in the 4th quarter. Raymond James & Associates now owns 33,427 shares of the investment management company's stock valued at $358,000 after buying an additional 2,875 shares during the last quarter. 15.28% of the stock is owned by hedge funds and other institutional investors.

Nuveen Arizona Quality Municipal Income Fund Company Profile

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.