Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Short Interest Down 67.9% in October

Posted by KOP Source Staff on Nov 13th, 2024

Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 2,700 shares, a decrease of 67.9% from the October 15th total of 8,400 shares. Based on an average daily volume of 27,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Nuveen Municipal Income Fund

An institutional investor recently raised its position in Nuveen Municipal Income Fund stock. OneDigital Investment Advisors LLC raised its position in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Free Report) by 80.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,250 shares of the company’s stock after acquiring an additional 9,925 shares during the period. OneDigital Investment Advisors LLC owned approximately 0.22% of Nuveen Municipal Income Fund worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 16.57% of the company’s stock.

Nuveen Municipal Income Fund Price Performance

NMI stock remained flat at $9.63 during midday trading on Wednesday. The company’s stock had a trading volume of 30,775 shares, compared to its average volume of 25,704. Nuveen Municipal Income Fund has a 1-year low of $8.75 and a 1-year high of $10.30. The business has a 50 day moving average price of $9.95 and a 200 day moving average price of $9.81.

Nuveen Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.038 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.46 annualized dividend and a yield of 4.74%.

Nuveen Municipal Income Fund Company Profile

(Get Free Report)

Nuveen Municipal Income Fund, Inc 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 the United States. The fund primarily invests in municipal obligations issued by state and local government authorities.