Nuveen California Quality Municipal Income Fund (NYSE:NAC) Sees Significant Drop in Short Interest

Nuveen California Quality Municipal Income Fund (NYSE:NAC) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 138,600 shares, a decline of 16.1% from the November 15th total of 165,100 shares. Based on an average daily volume of 526,700 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Nuveen California Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC grew its stake in Nuveen California Quality Municipal Income Fund by 253.9% during the 3rd quarter. CWM LLC now owns 7,018 shares of the company’s stock valued at $83,000 after acquiring an additional 5,035 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Nuveen California Quality Municipal Income Fund during the 2nd quarter valued at about $82,000. Larson Financial Group LLC purchased a new stake in Nuveen California Quality Municipal Income Fund during the 3rd quarter valued at about $119,000. CreativeOne Wealth LLC purchased a new stake in Nuveen California Quality Municipal Income Fund during the 3rd quarter valued at about $128,000. Finally, Blue Bell Private Wealth Management LLC grew its stake in Nuveen California Quality Municipal Income Fund by 48.5% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 10,926 shares of the company’s stock valued at $126,000 after acquiring an additional 3,569 shares in the last quarter.

Nuveen California Quality Municipal Income Fund Stock Down 1.9 %

NAC opened at $11.51 on Monday. Nuveen California Quality Municipal Income Fund has a fifty-two week low of $10.60 and a fifty-two week high of $12.03. The company has a fifty day moving average of $11.60 and a two-hundred day moving average of $11.62.

Nuveen California Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.0735 per share. The ex-dividend date is Friday, December 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.66%.

Nuveen California Quality Municipal Income Fund Company Profile

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.