Nuveen Taxable Municipal Income Fund (NYSE:NBB) Short Interest Up 140.9% in May

Nuveen Taxable Municipal Income Fund (NYSE:NBB) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 104,031 shares, a growth of 140.9% from the April 30th total of 43,176 shares. Based on an average daily volume of 48,566 shares, the short-interest ratio is currently 2.1 days.

Nuveen Taxable Municipal Income Fund Stock Performance

Shares of Nuveen Taxable Municipal Income Fund stock traded up $0.15 during trading on Friday, reaching $15.88. The company had a trading volume of 57,939 shares, compared to its average volume of 56,822. Nuveen Taxable Municipal Income Fund has a fifty-two week low of $14.95 and a fifty-two week high of $16.62. The firm’s fifty day moving average is $15.73 and its 200-day moving average is $15.91.

Nuveen Taxable Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a $0.0965 dividend. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 7.3%.

Institutional Investors Weigh In On Nuveen Taxable Municipal Income Fund

A number of institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in shares of Nuveen Taxable Municipal Income Fund by 17.6% during the 1st quarter. NewEdge Advisors LLC now owns 20,271 shares of the company’s stock valued at $317,000 after acquiring an additional 3,041 shares in the last quarter. Bank of America Corp DE boosted its holdings in Nuveen Taxable Municipal Income Fund by 3.1% in the first quarter. Bank of America Corp DE now owns 553,752 shares of the company’s stock worth $8,672,000 after purchasing an additional 16,767 shares during the period. Royal Bank of Canada boosted its holdings in Nuveen Taxable Municipal Income Fund by 69.1% in the first quarter. Royal Bank of Canada now owns 41,391 shares of the company’s stock worth $648,000 after purchasing an additional 16,919 shares during the period. First Trust Advisors LP increased its stake in Nuveen Taxable Municipal Income Fund by 10.5% during the first quarter. First Trust Advisors LP now owns 71,416 shares of the company’s stock valued at $1,118,000 after purchasing an additional 6,778 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new stake in shares of Nuveen Taxable Municipal Income Fund during the first quarter worth $296,000.

About Nuveen Taxable Municipal Income Fund

The Nuveen Taxable Municipal Income Fund (NYSE:NBB) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. Established in 2008 and managed by Nuveen Asset Management LLC, the fund primarily invests in investment-grade municipal debt obligations. Its shares are traded on the New York Stock Exchange under the ticker symbol NBB.

NBB’s investment strategy focuses on taxable municipal securities, including pre-refunded and unrated obligations, issued by U.S.