Nuveen California Quality Municipal Income Fund (NYSE:NAC) Short Interest Down 20.8% in February

Nuveen California Quality Municipal Income Fund (NYSE:NAC) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 308,415 shares, a drop of 20.8% from the January 29th total of 389,609 shares. Based on an average daily volume of 470,269 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 470,269 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Morgan Stanley boosted its stake in Nuveen California Quality Municipal Income Fund by 36.6% during the fourth quarter. Morgan Stanley now owns 5,137,471 shares of the company’s stock valued at $60,674,000 after buying an additional 1,376,202 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of Nuveen California Quality Municipal Income Fund by 28.6% during the 4th quarter. Guggenheim Capital LLC now owns 2,938,681 shares of the company’s stock worth $34,706,000 after acquiring an additional 653,333 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Nuveen California Quality Municipal Income Fund by 44.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,994,983 shares of the company’s stock valued at $23,561,000 after acquiring an additional 615,058 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Nuveen California Quality Municipal Income Fund by 53.4% in the fourth quarter. Advisors Asset Management Inc. now owns 1,349,549 shares of the company’s stock valued at $15,938,000 after purchasing an additional 469,939 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Nuveen California Quality Municipal Income Fund by 6.3% in the second quarter. Rockefeller Capital Management L.P. now owns 1,150,167 shares of the company’s stock valued at $12,847,000 after purchasing an additional 67,853 shares in the last quarter.

Nuveen California Quality Municipal Income Fund Stock Up 0.6%

Shares of NAC opened at $12.08 on Monday. Nuveen California Quality Municipal Income Fund has a 1 year low of $10.35 and a 1 year high of $12.25. The company has a 50 day simple moving average of $11.88 and a two-hundred day simple moving average of $11.72.

Nuveen California Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a $0.0735 dividend. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a yield of 7.3%.

About Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund (NYSE: NAC) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal and California state income taxes, with a secondary objective of capital appreciation. The fund primarily acquires a diversified portfolio of municipal securities issued by entities located in California, focusing on investment-grade bonds. These securities typically include general obligation bonds, revenue bonds and other taxable or tax-advantaged instruments that finance public projects such as transportation, education and utilities.

In managing the portfolio, the fund’s investment team applies rigorous credit research to identify issuers with strong balance sheets, stable revenue streams and manageable debt levels.