Short Interest in Nuveen California Quality Municipal Income Fund (NYSE:NAC) Decreases By 16.1%

Nuveen California Quality Municipal Income Fund (NYSE:NAC) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 138,600 shares, a drop of 16.1% from the November 15th total of 165,100 shares. Based on an average trading volume of 526,700 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Whitebox Advisors LLC increased its stake in shares of Nuveen California Quality Municipal Income Fund by 200.7% during the 2nd quarter. Whitebox Advisors LLC now owns 1,120,372 shares of the company’s stock valued at $12,918,000 after acquiring an additional 747,810 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Nuveen California Quality Municipal Income Fund by 1,089.0% in the third quarter. International Assets Investment Management LLC now owns 328,167 shares of the company’s stock valued at $3,902,000 after purchasing an additional 300,567 shares during the period. Rockefeller Capital Management L.P. increased its position in Nuveen California Quality Municipal Income Fund by 25.2% during the third quarter. Rockefeller Capital Management L.P. now owns 850,736 shares of the company’s stock worth $10,115,000 after purchasing an additional 171,428 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Nuveen California Quality Municipal Income Fund by 137.3% during the third quarter. Sanctuary Advisors LLC now owns 145,942 shares of the company’s stock worth $1,665,000 after purchasing an additional 84,452 shares during the period. Finally, Walleye Capital LLC acquired a new position in shares of Nuveen California Quality Municipal Income Fund in the 3rd quarter valued at $634,000.

Nuveen California Quality Municipal Income Fund Trading Down 1.2 %

Shares of NYSE NAC opened at $11.51 on Friday. The company has a 50-day simple moving average of $11.60 and a 200-day simple moving average of $11.62. Nuveen California Quality Municipal Income Fund has a 12 month low of $10.60 and a 12 month high of $12.03.

Nuveen California Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.0735 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.88 annualized dividend and a yield of 7.66%.

About Nuveen California Quality Municipal Income Fund

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.