Nuveen Taxable Municipal Income Fund (NYSE:NBB) Short Interest Update

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 67,543 shares, an increase of 475.0% from the July 30th total of 11,746 shares. Based on an average trading volume of 55,248 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of Nuveen Taxable Municipal Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. bought a new position in Nuveen Taxable Municipal Income Fund during the 2nd quarter worth approximately $56,000. International Assets Investment Management LLC bought a new stake in Nuveen Taxable Municipal Income Fund in the fourth quarter valued at approximately $81,000. Fifth Third Bancorp acquired a new stake in Nuveen Taxable Municipal Income Fund in the first quarter worth $82,000. Caitlin John LLC acquired a new stake in Nuveen Taxable Municipal Income Fund in the second quarter worth $118,000. Finally, Mystic Asset Management Inc. bought a new position in shares of Nuveen Taxable Municipal Income Fund during the second quarter worth $158,000.

Nuveen Taxable Municipal Income Fund Stock Up 0.7%

Shares of NYSE NBB opened at $15.37 on Wednesday. Nuveen Taxable Municipal Income Fund has a 1 year low of $14.95 and a 1 year high of $16.62. The firm’s 50-day moving average is $15.46 and its 200-day moving average is $15.70.

Nuveen Taxable Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a $0.0965 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

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.