Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 13,500 shares, a decline of 41.0% from the February 13th total of 22,900 shares. Based on an average daily trading volume, of 29,400 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.
Nuveen Municipal Income Fund Stock Performance
Shares of NYSE NMI opened at $9.79 on Monday. The business has a 50-day moving average of $9.77 and a 200-day moving average of $9.78. Nuveen Municipal Income Fund has a fifty-two week low of $9.11 and a fifty-two week high of $10.30.
Nuveen Municipal Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.038 dividend. This represents a $0.46 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Friday, March 14th.
Hedge Funds Weigh In On Nuveen Municipal Income Fund
Nuveen Municipal Income Fund Company Profile
Nuveen Municipal Income Fund, Inc 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 the United States. The fund primarily invests in municipal obligations issued by state and local government authorities.
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