Short Interest in Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Rises By 711.1%

Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Get Free Report) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 7,300 shares, a growth of 711.1% from the November 30th total of 900 shares. Based on an average daily trading volume, of 36,200 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Nuveen Municipal Income Fund

A hedge fund recently raised its stake in Nuveen Municipal Income Fund stock. OneDigital Investment Advisors LLC raised its stake in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Free Report) by 80.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,250 shares of the company's stock after buying an additional 9,925 shares during the quarter. OneDigital Investment Advisors LLC owned about 0.22% of Nuveen Municipal Income Fund worth $223,000 at the end of the most recent reporting period. 16.57% of the stock is currently owned by institutional investors.

Nuveen Municipal Income Fund Stock Up 0.2 %

NMI traded up $0.02 on Thursday, hitting $9.43. The company's stock had a trading volume of 52,119 shares, compared to its average volume of 27,194. The company's 50 day simple moving average is $9.61 and its 200-day simple moving average is $9.86. Nuveen Municipal Income Fund has a 12 month low of $9.11 and a 12 month high of $10.30.

Nuveen Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.038 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Friday, December 13th.

Nuveen Municipal Income Fund Company Profile

Nuveen Municipal Income Fund, Inc is a closed ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations issued by state and local government authorities.

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