Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Shares Shorted: Short Interest Down 72.3% in September

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 12,881 shares, a decline of 72.3% from the September 15th total of 46,575 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 64,982 shares, the days-to-cover ratio is currently 0.2 days.

Nuveen Arizona Quality Municipal Income Fund Price Performance

Shares of NAZ stock traded up $0.05 during trading hours on Tuesday, reaching $10.72. The company had a trading volume of 14,374 shares, compared to its average volume of 27,428. Nuveen Arizona Quality Municipal Income Fund has a twelve month low of $10.18 and a twelve month high of $13.42. The stock’s fifty day simple moving average is $11.75 and its 200 day simple moving average is $12.28.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be issued a $0.0620 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Thursday, October 15th.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

A number of hedge funds have recently made changes to their positions in NAZ. Cetera Investment Advisers boosted its position in Nuveen Arizona Quality Municipal Income Fund by 1.5% in the 1st quarter. Cetera Investment Advisers now owns 101,300 shares of the investment management company’s stock valued at $1,215,000 after buying an additional 1,542 shares during the last quarter. Western Wealth Management LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund in the second quarter valued at about $662,000. Bank of America Corp DE acquired a new stake in Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at approximately $635,000. Diversify Wealth Management LLC grew its stake in Nuveen Arizona Quality Municipal Income Fund by 36.5% during the 1st quarter. Diversify Wealth Management LLC now owns 28,036 shares of the investment management company’s stock valued at $353,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at approximately $343,000. Hedge funds and other institutional investors own 15.28% of the company’s stock.

Nuveen Arizona Quality Municipal Income Fund Company Profile

Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ) is a closed-end investment fund managed by Nuveen Fund Advisors. The fund seeks to provide current income that is exempt from regular federal income tax and Arizona state and local income taxes by investing primarily in municipal securities.

Its portfolio generally consists of investment-grade or otherwise creditworthy bonds issued by Arizona state and local governments, municipalities, public authorities and related entities. These securities may help finance public infrastructure and essential services, including education, transportation, utilities, health care and other community facilities.

The fund may also invest in municipal obligations issued outside Arizona when permitted by its investment strategy.