Nuveen Taxable Municipal Income Fund (NYSE:NBB) Shares Shorted: Short Interest Up 61.6% in September

Nuveen Taxable Municipal Income Fund (NYSE:NBB) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 135,101 shares, a growth of 61.6% from the August 31st total of 83,613 shares. Based on an average daily volume of 74,562 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Sit Investment Associates Inc. lifted its holdings in shares of Nuveen Taxable Municipal Income Fund by 2.0% during the fourth quarter. Sit Investment Associates Inc. now owns 3,831,416 shares of the company’s stock valued at $60,536,000 after purchasing an additional 76,243 shares during the last quarter. Eagle Bluffs Wealth Management LLC raised its stake in Nuveen Taxable Municipal Income Fund by 6.6% during the first quarter. Eagle Bluffs Wealth Management LLC now owns 891,543 shares of the company’s stock valued at $14,046,000 after buying an additional 55,105 shares during the last quarter. LaSalle St. Investment Advisors LLC purchased a new position in Nuveen Taxable Municipal Income Fund during the second quarter valued at $9,848,000. Bank of America Corp DE bought a new stake in Nuveen Taxable Municipal Income Fund in the second quarter worth $8,766,000. Finally, Riverbridge Partners LLC boosted its holdings in Nuveen Taxable Municipal Income Fund by 4.5% in the first quarter. Riverbridge Partners LLC now owns 140,892 shares of the company’s stock worth $2,206,000 after acquiring an additional 6,047 shares in the last quarter.

Nuveen Taxable Municipal Income Fund Price Performance

NBB stock remained flat at $14.29 during midday trading on Thursday. The company had a trading volume of 90,641 shares, compared to its average volume of 59,061. The stock’s 50-day moving average price is $15.13 and its 200-day moving average price is $15.49. Nuveen Taxable Municipal Income Fund has a 12 month low of $13.97 and a 12 month high of $16.62.

Nuveen Taxable Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0965 dividend. This represents a $1.16 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Tuesday, September 15th.

About Nuveen Taxable Municipal Income Fund

Nuveen Taxable Municipal Income Fund (NYSE:NBB) is a closed-end investment fund managed by Nuveen Asset Management. The fund seeks to provide current income and, secondarily, capital appreciation by investing primarily in taxable municipal securities issued by state and local governments and related entities.

Its portfolio may include taxable municipal bonds such as Build America Bonds, private activity bonds and other municipal obligations whose interest is generally subject to U.S. federal income tax.