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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 13,400 shares, a drop of 38.2% from the January 15th total of 21,700 shares. Based on an average daily volume of 33,600 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NAZ. Cetera Investment Advisers grew its position in Nuveen Arizona Quality Municipal Income Fund by 1.1% during 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 last quarter. Stifel Financial Corp lifted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 50.4% in the 3rd quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company's stock worth $293,000 after acquiring an additional 8,305 shares during the period. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 4.3% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 24,400 shares of the investment management company's stock worth $278,000 after acquiring an additional 1,000 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 4th quarter worth $329,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 4th quarter worth $472,000. 15.28% of the stock is owned by hedge funds and other institutional investors.

Nuveen Arizona Quality Municipal Income Fund Trading Up 0.0 %

Nuveen Arizona Quality Municipal Income Fund stock traded up $0.00 during midday trading on Monday, hitting $12.45. 13,624 shares of the company's stock were exchanged, compared to its average volume of 19,388. Nuveen Arizona Quality Municipal Income Fund has a 12-month low of $10.52 and a 12-month high of $13.33. The firm's 50 day simple moving average is $11.95 and its 200 day simple moving average is $11.88.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.0725 per share. This represents a $0.87 annualized dividend and a yield of 6.99%. The ex-dividend date is Friday, February 14th.

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.