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Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Up 162.3% in November

Nuveen Arizona Quality Municipal Income Fund logo with Finance background

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 34,100 shares, a growth of 162.3% from the October 31st total of 13,000 shares. Based on an average trading volume of 40,100 shares, the days-to-cover ratio is presently 0.9 days.

Nuveen Arizona Quality Municipal Income Fund Price Performance

NYSE NAZ traded up $0.02 on Thursday, reaching $12.21. 13,802 shares of the stock were exchanged, compared to its average volume of 25,825. Nuveen Arizona Quality Municipal Income Fund has a one year low of $10.33 and a one year high of $13.33. The company's 50-day simple moving average is $11.86 and its two-hundred day simple moving average is $11.53.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.0725 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date is Friday, November 15th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Whitebox Advisors LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund during the second quarter valued at about $405,000. Stifel Financial Corp raised its stake in Nuveen Arizona Quality Municipal Income Fund by 50.4% during the 3rd quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company's stock valued at $293,000 after purchasing an additional 8,305 shares during the period. Blue Bell Private Wealth Management LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter worth approximately $34,000. Cetera Advisors LLC lifted its holdings in Nuveen Arizona Quality Municipal Income Fund by 1.5% in the 1st quarter. Cetera Advisors LLC now owns 94,537 shares of the investment management company's stock worth $1,038,000 after purchasing an additional 1,372 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company's stock worth $1,114,000 after purchasing an additional 1,072 shares during the period. Institutional investors own 15.28% of the company's stock.

Nuveen Arizona Quality Municipal Income Fund Company Profile

(Get Free Report)

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years.

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