Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Sees Significant Growth in Short Interest

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 41,161 shares, an increase of 30.2% from the January 15th total of 31,621 shares. Based on an average daily volume of 26,593 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 26,593 shares, the days-to-cover ratio is presently 1.5 days.

Nuveen Arizona Quality Municipal Income Fund Stock Down 0.0%

Shares of NYSE NAZ traded down $0.01 during mid-day trading on Tuesday, hitting $12.07. The company had a trading volume of 28,094 shares, compared to its average volume of 24,398. Nuveen Arizona Quality Municipal Income Fund has a 12 month low of $11.40 and a 12 month high of $13.55. The business’s 50-day simple moving average is $11.98 and its 200-day simple moving average is $11.92.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a $0.0655 dividend. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, February 13th.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. grew its stake in Nuveen Arizona Quality Municipal Income Fund by 8.1% during the second quarter. Raymond James Financial Inc. now owns 51,009 shares of the investment management company’s stock worth $596,000 after buying an additional 3,813 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 99,758 shares of the investment management company’s stock worth $1,185,000 after acquiring an additional 1,509 shares in the last quarter. LPL Financial LLC grew its position in Nuveen Arizona Quality Municipal Income Fund by 129.0% during the 4th quarter. LPL Financial LLC now owns 120,906 shares of the investment management company’s stock worth $1,436,000 after acquiring an additional 68,109 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 27.0% during the 4th quarter. Wells Fargo & Company MN now owns 169,885 shares of the investment management company’s stock valued at $2,018,000 after purchasing an additional 36,090 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 12.3% during the 4th quarter. Royal Bank of Canada now owns 18,712 shares of the investment management company’s stock valued at $222,000 after purchasing an additional 2,056 shares in the last quarter. 15.28% of the stock is owned by institutional investors and hedge funds.

Nuveen Arizona Quality Municipal Income Fund Company Profile

Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from regular U.S. federal income tax. Managed by Nuveen Asset Management, the fund focuses on investment-grade municipal obligations issued by or on behalf of entities located in the state of Arizona. Its portfolio typically includes general obligation bonds, revenue bonds and essential-purpose municipal securities backed by state and local governments and quasi-governmental agencies.

The fund employs fundamental credit analysis to select bonds that meet rigorous quality standards, aiming to preserve principal while generating tax-advantaged income.