Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Up 21.5% in January

Nuveen California Quality Municipal Income Fund (NYSE:NAC) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 369,279 shares, an increase of 21.5% from the December 31st total of 303,962 shares. Based on an average daily trading volume, of 533,959 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 533,959 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Nuveen California Quality Municipal Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Highline Wealth Partners LLC bought a new stake in shares of Nuveen California Quality Municipal Income Fund in the 3rd quarter worth approximately $29,000. Ameriflex Group Inc. raised its stake in shares of Nuveen California Quality Municipal Income Fund by 100.0% in the third 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 in the last quarter. Smartleaf Asset Management LLC lifted its position in Nuveen California Quality Municipal Income Fund by 484.3% in the third quarter. Smartleaf Asset Management LLC now owns 7,245 shares of the company’s stock worth $82,000 after purchasing an additional 6,005 shares during the period. Sanders Morris Harris LLC bought a new position in Nuveen California Quality Municipal Income Fund in the third quarter worth $115,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in Nuveen California Quality Municipal Income Fund during the third quarter worth $115,000.

Nuveen California Quality Municipal Income Fund Stock Performance

Shares of Nuveen California Quality Municipal Income Fund stock opened at $11.83 on Thursday. Nuveen California Quality Municipal Income Fund has a 1 year low of $10.35 and a 1 year high of $12.25. The company’s fifty day simple moving average is $11.86 and its 200-day simple moving average is $11.62.

Nuveen California Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be given a dividend of $0.0735 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Nuveen California Quality Municipal Income Fund Company Profile

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.