Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Shares Shorted: Short Interest Down 70.5% in October

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 7,369 shares, a decline of 70.5% from the October 15th total of 24,986 shares. Based on an average trading volume of 44,061 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Several institutional investors have recently added to or reduced their stakes in NAZ. Western Wealth Management LLC lifted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 2.8% in the 3rd quarter. Western Wealth Management LLC now owns 54,496 shares of the investment management company’s stock worth $576,000 after purchasing an additional 1,489 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the third quarter worth $117,000. Kingswood Wealth Advisors LLC raised its stake in Nuveen Arizona Quality Municipal Income Fund by 10.2% during the third quarter. Kingswood Wealth Advisors LLC now owns 40,000 shares of the investment management company’s stock worth $423,000 after buying an additional 3,700 shares during the last quarter. IFP Advisors Inc raised its stake in Nuveen Arizona Quality Municipal Income Fund by 496,400.0% during the third quarter. IFP Advisors Inc now owns 4,965 shares of the investment management company’s stock worth $52,000 after buying an additional 4,964 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in Nuveen Arizona Quality Municipal Income Fund during the second quarter worth $635,000. 15.28% of the stock is currently owned by institutional investors.

Nuveen Arizona Quality Municipal Income Fund Price Performance

Shares of NYSE:NAZ traded down $0.10 during mid-day trading on Friday, reaching $10.39. 40,959 shares of the company’s stock were exchanged, compared to its average volume of 29,372. The business’s fifty day moving average price is $10.93 and its 200-day moving average price is $12.06. Nuveen Arizona Quality Municipal Income Fund has a twelve month low of $10.18 and a twelve month high of $13.42.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a dividend of $0.0620 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Friday, November 13th.

Nuveen Arizona Quality Municipal Income Fund Company Profile

Nuveen Arizona Quality Municipal Income Fund is a closed-end investment fund that invests primarily in municipal bonds issued by Arizona state and local governments and related public entities. Its portfolio may include bonds that finance public services and infrastructure projects. The fund’s objective is to provide high current income that is exempt from regular federal income tax and Arizona personal income tax, while also seeking to preserve capital. Its distributions and tax treatment can vary based on the fund’s investments and applicable tax rules.