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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 122,800 shares, a decrease of 42.6% from the December 31st total of 214,000 shares. Based on an average daily trading volume, of 531,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Nuveen California Quality Municipal Income Fund

Hedge funds have recently made changes to their positions in the business. Pacific Wealth Strategies Group Inc. increased its stake in shares of Nuveen California Quality Municipal Income Fund by 3.4% during the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 75,736 shares of the company’s stock valued at $855,000 after buying an additional 2,512 shares during the period. RHS Financial LLC increased its position in Nuveen California Quality Municipal Income Fund by 19.3% in the fourth quarter. RHS Financial LLC now owns 36,424 shares of the company’s stock worth $411,000 after buying an additional 5,902 shares in the last quarter. Perigon Wealth Management LLC increased its position in Nuveen California Quality Municipal Income Fund by 9.2% in the fourth quarter. Perigon Wealth Management LLC now owns 16,568 shares of the company’s stock worth $185,000 after buying an additional 1,400 shares in the last quarter. Southland Equity Partners LLC grew its holdings in Nuveen California Quality Municipal Income Fund by 20.5% during the 4th quarter. Southland Equity Partners LLC now owns 123,040 shares of the company’s stock valued at $1,389,000 after buying an additional 20,900 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in Nuveen California Quality Municipal Income Fund by 12.5% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 37,000 shares of the company’s stock valued at $418,000 after buying an additional 4,100 shares in the last quarter.

Nuveen California Quality Municipal Income Fund Price Performance

NAC traded up $0.05 on Wednesday, reaching $11.26. The stock had a trading volume of 411,544 shares, compared to its average volume of 449,458. The firm has a 50-day moving average of $11.39 and a 200-day moving average of $11.58. Nuveen California Quality Municipal Income Fund has a fifty-two week low of $10.60 and a fifty-two week high of $12.03.

Nuveen California Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0735 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.84%.

Nuveen California Quality Municipal Income Fund Company Profile

Nuveen California Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.