Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Update

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 15,700 shares, a drop of 15.6% from the November 30th total of 18,600 shares. Based on an average daily trading volume, of 37,700 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of NAZ. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter worth $34,000. Stifel Financial Corp increased its stake in Nuveen Arizona Quality Municipal Income Fund by 50.4% during the 3rd quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock valued at $293,000 after purchasing an additional 8,305 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Nuveen Arizona Quality Municipal Income Fund by 4.1% in the second quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock worth $299,000 after buying an additional 1,052 shares during the last quarter. Whitebox Advisors LLC bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter worth approximately $405,000. Finally, Cetera Investment Advisers grew its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 1.1% during the second quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock valued at $1,114,000 after buying an additional 1,072 shares during the last quarter. 15.28% of the stock is owned by hedge funds and other institutional investors.

Nuveen Arizona Quality Municipal Income Fund Stock Up 0.4 %

NYSE NAZ traded up $0.04 during trading on Friday, hitting $11.32. The company had a trading volume of 43,888 shares, compared to its average volume of 26,810. The company’s fifty day moving average is $11.91 and its 200-day moving average is $11.69. Nuveen Arizona Quality Municipal Income Fund has a one year low of $10.52 and a one year high of $13.33.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.0725 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.87 annualized dividend and a yield of 7.69%.

About Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years.