Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Update

Nuveen California Quality Municipal Income Fund (NYSE:NAC) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 507,099 shares, a decline of 42.0% from the August 31st total of 873,897 shares. Based on an average daily trading volume, of 985,595 shares, the days-to-cover ratio is currently 0.5 days.

Nuveen California Quality Municipal Income Fund Trading Up 0.2%

Shares of NYSE NAC traded up $0.02 during trading hours on Wednesday, hitting $10.25. The stock had a trading volume of 2,171,283 shares, compared to its average volume of 608,855. The firm’s 50-day moving average price is $11.37 and its two-hundred day moving average price is $11.70. Nuveen California Quality Municipal Income Fund has a 52 week low of $10.19 and a 52 week high of $12.25.

Nuveen California Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.0695 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.83 dividend on an annualized basis and a yield of 8.1%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in Nuveen California Quality Municipal Income Fund by 11.7% in the first quarter. Bank of America Corp DE now owns 932,762 shares of the company’s stock worth $10,867,000 after purchasing an additional 97,905 shares in the last quarter. Integrity Wealth Partners LLC acquired a new stake in shares of Nuveen California Quality Municipal Income Fund in the first quarter worth about $1,118,000. Cascade Financial Partners LLC bought a new stake in shares of Nuveen California Quality Municipal Income Fund during the 2nd quarter worth about $969,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Nuveen California Quality Municipal Income Fund by 17.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 518,286 shares of the company’s stock worth $6,282,000 after acquiring an additional 76,673 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Nuveen California Quality Municipal Income Fund by 164.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 102,286 shares of the company’s stock valued at $1,240,000 after acquiring an additional 63,660 shares during the last quarter.

About Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund (NYSE: NAC) is a closed-end management investment company designed to provide current income that is exempt from regular federal income taxes and California state income taxes. The fund is part of Nuveen’s range of municipal bond investment products.

The fund invests primarily in investment-grade municipal obligations issued by states, municipalities and other governmental entities in California. Its portfolio may include bonds that finance public infrastructure and essential services, such as schools, transportation systems, utilities, health care facilities and other community projects.