Nuveen Ohio Quality Municipal Income Fund (NUO) Short Interest Ratio & Short Volume

Short interest is the volume of Nuveen Ohio Quality Municipal Income Fund shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 4,700 shares of NUO short. Learn More on Nuveen Ohio Quality Municipal Income Fund's current short interest.

Nuveen Ohio Quality Municipal Income Fund saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 4,700 shares, a decrease of 57.3% from the previous total of 11,000 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 Ohio Quality Municipal Income Fund: Insight Select Income Fund (0.55%), BNY Mellon Municipal Income, Inc. (0.07%), abrdn National Municipal Income Fund (0.96%), Eaton Vance California Municipal Income Trust (0.32%), Univest Corporation of Pennsylvania (2.05%), World Acceptance Corporation (313.54%), Piedmont Realty Trust, Inc. (2.01%), Trinity Capital Inc. (2.84%), Grupo Supervielle S.A. (2.09%), Tiptree Financial Inc. (0.92%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.66 billion), TC Energy Corporation ($4.13 billion), Occidental Petroleum Corporation ($3.04 billion), Moderna, Inc. ($2.63 billion), Coinbase Global, Inc. ($2.51 billion), T. Rowe Price Group, Inc. ($2.29 billion), Paramount Global ($2.26 billion), Verisk Analytics, Inc. ($2.19 billion), Etsy, Inc. ($1.84 billion), and Voya Financial, Inc. ($1.67 billion). View all of the most shorted stocks.

Short selling NUO is an investing strategy that aims to generate trading profit from Nuveen Ohio 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 Ohio 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 NUO, 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 NUO, twice per month. The most recent reporting period available is March, 31 2023.