Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Up 401.1% in March

Nuveen California Quality Municipal Income Fund (NYSE:NAC) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 320,700 shares, a growth of 401.1% from the February 28th total of 64,000 shares. Based on an average daily volume of 430,300 shares, the days-to-cover ratio is presently 0.7 days.

Nuveen California Quality Municipal Income Fund Stock Performance

Shares of NAC traded down $0.09 on Wednesday, reaching $11.25. The company’s stock had a trading volume of 269,961 shares, compared to its average volume of 453,478. The stock’s 50 day simple moving average is $11.37 and its two-hundred day simple moving average is $11.51. Nuveen California Quality Municipal Income Fund has a 12-month low of $10.60 and a 12-month high of $12.03.

Nuveen California Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.0735 per share. This represents a $0.88 annualized dividend and a dividend yield of 7.84%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On Nuveen California Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. RHS Financial LLC grew its holdings in Nuveen California Quality Municipal Income Fund by 19.3% during the fourth quarter. RHS Financial LLC now owns 36,424 shares of the company’s stock valued at $411,000 after purchasing an additional 5,902 shares during the period. Bartlett & CO. Wealth Management LLC grew its stake in shares of Nuveen California Quality Municipal Income Fund by 12.5% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 37,000 shares of the company’s stock valued at $418,000 after acquiring an additional 4,100 shares during the period. Southland Equity Partners LLC increased its holdings in Nuveen California Quality Municipal Income Fund by 20.5% in the 4th quarter. Southland Equity Partners LLC now owns 123,040 shares of the company’s stock worth $1,389,000 after acquiring an additional 20,900 shares in the last quarter. Melfa Wealth Management Inc. increased its holdings in Nuveen California Quality Municipal Income Fund by 13.8% in the 4th quarter. Melfa Wealth Management Inc. now owns 53,566 shares of the company’s stock worth $605,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Ignite Planners LLC lifted its holdings in Nuveen California Quality Municipal Income Fund by 9.2% during the fourth quarter. Ignite Planners LLC now owns 288,357 shares of the company’s stock valued at $3,302,000 after purchasing an additional 24,323 shares in the last quarter.

About Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund 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 California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.