Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Shares Shorted: Short Interest Down 70.5% in October

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 7,369 shares, a decline of 70.5% from the October 15th total of 24,986 shares. Based on an average daily trading volume, of 44,061 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Nuveen Arizona Quality Municipal Income Fund Price Performance

Shares of Nuveen Arizona Quality Municipal Income Fund stock traded down $0.10 on Friday, reaching $10.39. 40,959 shares of the company’s stock were exchanged, compared to its average volume of 29,372. Nuveen Arizona Quality Municipal Income Fund has a 52 week low of $10.18 and a 52 week high of $13.42. The firm’s 50-day moving average is $10.93 and its two-hundred day moving average is $12.06.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be given a dividend of $0.0620 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Friday, November 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. acquired a new stake in Nuveen Arizona Quality Municipal Income Fund in the third quarter worth $117,000. Kingswood Wealth Advisors LLC raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 10.2% during the third quarter. Kingswood Wealth Advisors LLC now owns 40,000 shares of the investment management company’s stock valued at $423,000 after purchasing an additional 3,700 shares during the period. IFP Advisors Inc boosted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 496,400.0% during the 3rd quarter. IFP Advisors Inc now owns 4,965 shares of the investment management company’s stock worth $52,000 after purchasing an additional 4,964 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter worth about $635,000. Finally, Western Wealth Management LLC bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter worth about $662,000. 15.28% of the stock is owned by institutional investors.

Nuveen Arizona Quality Municipal Income Fund Company Profile

Nuveen Arizona Quality Municipal Income Fund is a closed-end investment fund that invests primarily in municipal bonds issued by Arizona state and local governments and related public entities. Its portfolio may include bonds that finance public services and infrastructure projects. The fund’s objective is to provide high current income that is exempt from regular federal income tax and Arizona personal income tax, while also seeking to preserve capital. Its distributions and tax treatment can vary based on the fund’s investments and applicable tax rules.