Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Update

Nuveen California Quality Municipal Income Fund (NYSE:NAC) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 326,941 shares, a growth of 66.3% from the November 30th total of 196,621 shares. Based on an average daily volume of 615,757 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 615,757 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Nuveen California Quality Municipal Income Fund

Several institutional investors have recently bought and sold shares of the company. Highline Wealth Partners LLC acquired a new position in shares of Nuveen California Quality Municipal Income Fund during the third quarter valued at approximately $29,000. Ameriflex Group Inc. raised its stake in Nuveen California Quality Municipal Income Fund by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 2,800 shares of the company’s stock valued at $32,000 after purchasing an additional 1,400 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Nuveen California Quality Municipal Income Fund by 484.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 7,245 shares of the company’s stock valued at $82,000 after purchasing an additional 6,005 shares in the last quarter. Sanders Morris Harris LLC acquired a new stake in Nuveen California Quality Municipal Income Fund during the 3rd quarter worth $115,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Nuveen California Quality Municipal Income Fund during the third quarter worth $115,000.

Nuveen California Quality Municipal Income Fund Trading Up 0.8%

Shares of Nuveen California Quality Municipal Income Fund stock traded up $0.10 on Tuesday, reaching $11.89. 249,951 shares of the stock were exchanged, compared to its average volume of 457,721. Nuveen California Quality Municipal Income Fund has a twelve month low of $10.35 and a twelve month high of $12.25. The business has a 50 day moving average price of $11.87 and a two-hundred day moving average price of $11.47.

Nuveen California Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.0735 dividend. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

About Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund (NYSE: NAC) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal and California state income taxes, with a secondary objective of capital appreciation. The fund primarily acquires a diversified portfolio of municipal securities issued by entities located in California, focusing on investment-grade bonds. These securities typically include general obligation bonds, revenue bonds and other taxable or tax-advantaged instruments that finance public projects such as transportation, education and utilities.

In managing the portfolio, the fund’s investment team applies rigorous credit research to identify issuers with strong balance sheets, stable revenue streams and manageable debt levels.