Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Sees Large Decline in Short Interest

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 11,500 shares, a drop of 57.2% from the February 13th total of 26,900 shares. Approximately 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 29,200 shares, the short-interest ratio is currently 0.4 days.

Nuveen Arizona Quality Municipal Income Fund Trading Down 0.3 %

Nuveen Arizona Quality Municipal Income Fund stock traded down $0.04 during mid-day trading on Monday, hitting $12.01. The company had a trading volume of 19,796 shares, compared to its average volume of 28,667. Nuveen Arizona Quality Municipal Income Fund has a 12 month low of $10.52 and a 12 month high of $13.55. The stock's 50 day moving average price is $12.31 and its two-hundred day moving average price is $12.00.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0725 per share. The ex-dividend date is Friday, March 14th. This represents a $0.87 dividend on an annualized basis and a yield of 7.24%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brooklyn FI LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the fourth quarter valued at approximately $954,000. Western Wealth Management LLC increased its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 2.5% in the 4th quarter. Western Wealth Management LLC now owns 40,876 shares of the investment management company's stock worth $465,000 after purchasing an additional 987 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 1.8% in the fourth quarter. Cetera Investment Advisers now owns 103,389 shares of the investment management company's stock worth $1,176,000 after purchasing an additional 1,787 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 54.1% in the fourth quarter. Stifel Financial Corp now owns 38,208 shares of the investment management company's stock worth $435,000 after purchasing an additional 13,419 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the fourth quarter valued at $472,000. Institutional investors own 15.28% of the company's stock.

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Nuveen Arizona Quality Municipal Income Fund Company Profile

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.