Nuveen Michigan Quality Municipal Income Fund (NUM) Short Interest Ratio & Short Volume

Short interest is the volume of Nuveen Michigan Quality Municipal Income Fund shares that have been sold short but have not yet been closed out or covered. As of January 15th, traders have sold 4,400 shares of NUM short. Learn More on Nuveen Michigan Quality Municipal Income Fund's current short interest.

Nuveen Michigan Quality Municipal Income Fund saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,400 shares, an increase of 300.0% from the previous total of 1,100 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "finance" compare to Nuveen Michigan Quality Municipal Income Fund: United Homes Group, Inc. (10.25%), Heritage Insurance Holdings, Inc. (3.81%), Investors Title (0.33%), Cohen & Steers Total Return Realty Fund, Inc. (0.12%), Liberty All-Star Growth Fund, Inc. (0.13%), Enterprise Bancorp, Inc. (0.35%), Putnam Municipal Opportunities Trust (0.02%), Postal Realty Trust, Inc. (0.62%), WhiteHorse Finance, Inc. (2.15%), Better Home & Finance Holding (2.53%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($6.62 billion), Analog Devices, Inc. ($4.85 billion), Aon plc ($4.66 billion), DuPont de Nemours, Inc. ($3.84 billion), International Flavors & Fragrances Inc. ($3.60 billion), Moderna, Inc. ($3.22 billion), Snap Inc. ($3.21 billion), Snowflake Inc. ($2.82 billion), The Kroger Co. ($2.52 billion), and Peloton Interactive, Inc. ($2.51 billion). View all of the most shorted stocks.

Short selling NUM is an investing strategy that aims to generate trading profit from Nuveen Michigan Quality Municipal Income Fund as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Nuveen Michigan Quality Municipal Income Fund occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of NUM, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including NUM, twice per month. The most recent reporting period available is January, 15 2021.