Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Short Interest Update

Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Get Free Report) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 4,700 shares, a decline of 41.3% from the March 31st total of 8,000 shares. Based on an average trading volume of 28,400 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen Municipal Income Fund Price Performance

NMI traded down $0.05 during mid-day trading on Friday, reaching $9.12. 19,427 shares of the stock were exchanged, compared to its average volume of 26,008. The company has a 50 day moving average price of $9.27 and a two-hundred day moving average price of $9.08. Nuveen Municipal Income Fund has a 1 year low of $8.30 and a 1 year high of $10.05.

Nuveen 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 $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Friday, April 12th.

Hedge Funds Weigh In On Nuveen Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fortitude Advisory Group L.L.C. lifted its holdings in shares of Nuveen Municipal Income Fund by 9.4% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 26,920 shares of the company's stock worth $248,000 after buying an additional 2,320 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Nuveen Municipal Income Fund by 1.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 193,450 shares of the company's stock valued at $1,664,000 after acquiring an additional 3,697 shares during the last quarter. Crestone Asset Management LLC bought a new position in Nuveen Municipal Income Fund during the third quarter valued at approximately $91,000. Wolverine Asset Management LLC bought a new position in Nuveen Municipal Income Fund during the third quarter valued at approximately $118,000. Finally, 1607 Capital Partners LLC grew its holdings in shares of Nuveen Municipal Income Fund by 2.2% in the fourth quarter. 1607 Capital Partners LLC now owns 785,667 shares of the company's stock worth $7,228,000 after purchasing an additional 17,254 shares during the last quarter. 16.57% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Income Fund Company Profile

Nuveen Municipal Income Fund, Inc is a closed ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations issued by state and local government authorities.