Short Interest in Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Increases By 27.8%

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 14,700 shares, an increase of 27.8% from the February 28th total of 11,500 shares. Based on an average daily volume of 26,800 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company's shares are sold short.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of institutional investors have recently bought and sold shares of the stock. Brooklyn FI LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the 4th quarter valued at $954,000. Raymond James Financial Inc. purchased a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the 4th quarter worth $472,000. Kingswood Wealth Advisors LLC acquired a new position in Nuveen Arizona Quality Municipal Income Fund in the fourth quarter valued at $329,000. Stifel Financial Corp grew its position in Nuveen Arizona Quality Municipal Income Fund by 54.1% during the fourth quarter. Stifel Financial Corp now owns 38,208 shares of the investment management company's stock valued at $435,000 after acquiring an additional 13,419 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Nuveen Arizona Quality Municipal Income Fund by 7.2% during the fourth quarter. Wells Fargo & Company MN now owns 144,093 shares of the investment management company's stock worth $1,639,000 after acquiring an additional 9,618 shares during the last quarter. 15.28% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

NYSE NAZ traded down $0.07 during trading hours on Friday, hitting $12.15. 23,450 shares of the company's stock were exchanged, compared to its average volume of 28,553. The business's 50 day moving average is $12.36 and its 200-day moving average is $12.03. Nuveen Arizona Quality Municipal Income Fund has a 12-month low of $10.52 and a 12-month high of $13.55.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a $0.0725 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.87 annualized dividend and a dividend yield of 7.16%.

About Nuveen Arizona Quality Municipal Income Fund

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.