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

The Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ - Get Free Report) experienced a notable surge in short interest during February. As of February 15th, the total short interest reached 26,900 shares, marking a remarkable increase of 100.7% from the total of 13,400 shares reported on January 31st. Given the average daily trading volume of 28,300 shares, this results in a days-to-cover ratio of 1.0 days.

Institutional Investors Update on Nuveen Arizona Quality Municipal Income Fund

Recently, various hedge funds have adjusted their stakes in the Nuveen Arizona Quality Municipal Income Fund. Brooklyn FI LLC made a new purchase in the 4th quarter valued at about $954,000. Ameriflex Group Inc. also acquired a new stake valued at approximately $53,000 during the same period. Western Wealth Management LLC increased its position by 2.5%, owning 40,876 shares currently valued at $465,000 after acquiring an additional 987 shares. Meanwhile, Cetera Investment Advisers grew its stake by 1.8%, now holding 103,389 shares valued at $1,176,000 after an additional purchase of 1,787 shares. Stifel Financial Corp expanded its shareholding significantly by 54.1%, now owning 38,208 shares worth $435,000 after buying 13,419 additional shares. Overall, institutional investors hold around 15.28% of the fund's stock.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

On Friday, shares of NAZ stock rose by 0.6%, reaching $12.71. A total of 7,680 shares traded, compared to an average volume of 21,102. Over the past year, the stock has fluctuated between a low of $10.52 and a high of $13.33, with its fifty-day moving average at $12.09 and a 200-day moving average at $11.94.

Dividend Announcement from Nuveen Arizona Quality Municipal Income Fund

The company has declared a monthly dividend, set for payment on Monday, March 3rd. Shareholders as of record on Friday, February 14th will receive a dividend of $0.0725, with the ex-dividend date also on February 14th. This results in an annualized dividend of $0.87, corresponding to a dividend yield of 6.85%.

About Nuveen Arizona Quality Municipal Income Fund

(Get Free Report)

The Nuveen Arizona Quality Municipal Income Fund is a closed-end fixed income mutual fund launched by Nuveen Investments, Inc. The fund's management is under Nuveen Asset Management, LLC. It primarily invests in Arizona's fixed income markets, focusing on municipal securities and related investments that generate tax-exempt income from federal and Arizona taxes. The securities in the fund generally have a credit rating of Baa or BBB or higher, with an average maturity of approximately 18.66 years.

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This narrative was prepared using technology and financial insights to ensure accuracy and timeliness.

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Nuveen, Investors, Dividends