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 significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 61,000 shares, an increase of 48.1% from the April 30th total of 41,200 shares. Based on an average daily volume of 23,700 shares, the days-to-cover ratio is presently 2.6 days. Approximately 0.6% of the shares of the company are sold short.

Nuveen Municipal Income Fund Price Performance

Shares of NYSE:NMI traded down $0.03 on Tuesday, hitting $9.76. The company had a trading volume of 26,938 shares, compared to its average volume of 26,722. The stock has a 50 day moving average price of $9.73 and a 200 day moving average price of $9.70. Nuveen Municipal Income Fund has a 1-year low of $9.21 and a 1-year high of $10.30.

Nuveen Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.038 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.46 dividend on an annualized basis and a yield of 4.67%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NMI. South Plains Financial Inc. bought a new stake in shares of Nuveen Municipal Income Fund during the fourth quarter worth approximately $36,000. WESPAC Advisors LLC acquired a new stake in Nuveen Municipal Income Fund during the 4th quarter worth approximately $94,000. Janney Montgomery Scott LLC bought a new stake in Nuveen Municipal Income Fund in the 4th quarter valued at $109,000. EWG Elevate Inc. bought a new stake in Nuveen Municipal Income Fund in the 1st quarter valued at $200,000. Finally, OneDigital Investment Advisors LLC grew its holdings in Nuveen Municipal Income Fund by 11.9% in the 1st quarter. OneDigital Investment Advisors LLC now owns 25,233 shares of the company's stock valued at $248,000 after buying an additional 2,684 shares in the last quarter. 16.57% of the stock is owned by 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.