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 decrease in short interest in the month of September. As of September 15th, there was short interest totaling 507,099 shares, a decrease of 42.0% from the August 31st total of 873,897 shares. Based on an average daily volume of 985,595 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Nuveen California Quality Municipal Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in NAC. Oder Investment Management LLC raised its holdings in Nuveen California Quality Municipal Income Fund by 2.0% in the 1st quarter. Oder Investment Management LLC now owns 63,057 shares of the company’s stock valued at $735,000 after acquiring an additional 1,221 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Nuveen California Quality Municipal Income Fund by 7.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 40,542 shares of the company’s stock worth $491,000 after purchasing an additional 2,921 shares in the last quarter. Ameritas Advisory Services LLC increased its position in shares of Nuveen California Quality Municipal Income Fund by 25.0% during the second quarter. Ameritas Advisory Services LLC now owns 15,202 shares of the company’s stock valued at $184,000 after purchasing an additional 3,045 shares during the period. NWF Advisory Services Inc. increased its position in shares of Nuveen California Quality Municipal Income Fund by 20.0% during the first quarter. NWF Advisory Services Inc. now owns 18,490 shares of the company’s stock valued at $215,000 after purchasing an additional 3,085 shares during the period. Finally, Allworth Financial LP lifted its position in Nuveen California Quality Municipal Income Fund by 3.1% in the second quarter. Allworth Financial LP now owns 117,152 shares of the company’s stock worth $1,420,000 after purchasing an additional 3,523 shares during the period.

Nuveen California Quality Municipal Income Fund Stock Performance

NYSE NAC traded up $0.02 during midday trading on Wednesday, hitting $10.25. The company had a trading volume of 2,171,283 shares, compared to its average volume of 608,855. The firm has a fifty day simple moving average of $11.37 and a two-hundred day simple moving average of $11.70. Nuveen California Quality Municipal Income Fund has a fifty-two week low of $10.19 and a fifty-two week high of $12.25.

Nuveen California Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0695 dividend. This represents a $0.83 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Tuesday, September 15th.

About Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund (NYSE: NAC) is a closed-end management investment company designed to provide current income that is exempt from regular federal income taxes and California state income taxes. The fund is part of Nuveen’s range of municipal bond investment products.

The fund invests primarily in investment-grade municipal obligations issued by states, municipalities and other governmental entities in California. Its portfolio may include bonds that finance public infrastructure and essential services, such as schools, transportation systems, utilities, health care facilities and other community projects.