Nuveen Taxable Municipal Income Fund (NYSE:NBB) Short Interest Update

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 110,900 shares, an increase of 36.2% from the January 31st total of 81,400 shares. Based on an average daily volume of 85,300 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of Nuveen Taxable Municipal Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bruce G. Allen Investments LLC increased its stake in shares of Nuveen Taxable Municipal Income Fund by 2.7% during the fourth quarter. Bruce G. Allen Investments LLC now owns 54,881 shares of the company’s stock valued at $822,000 after buying an additional 1,442 shares during the period. Riverbridge Partners LLC increased its stake in shares of Nuveen Taxable Municipal Income Fund by 3.6% during the fourth quarter. Riverbridge Partners LLC now owns 44,278 shares of the company’s stock valued at $663,000 after buying an additional 1,520 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Nuveen Taxable Municipal Income Fund by 3.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 46,865 shares of the company’s stock valued at $702,000 after buying an additional 1,658 shares during the period. Baird Financial Group Inc. increased its stake in shares of Nuveen Taxable Municipal Income Fund by 2.1% during the fourth quarter. Baird Financial Group Inc. now owns 151,705 shares of the company’s stock valued at $2,273,000 after buying an additional 3,126 shares during the period. Finally, Advisory Services Network LLC increased its stake in shares of Nuveen Taxable Municipal Income Fund by 9.4% during the fourth quarter. Advisory Services Network LLC now owns 40,800 shares of the company’s stock valued at $611,000 after buying an additional 3,500 shares during the period.

Nuveen Taxable Municipal Income Fund Trading Up 1.0 %

NYSE:NBB opened at $16.46 on Tuesday. Nuveen Taxable Municipal Income Fund has a twelve month low of $14.52 and a twelve month high of $17.31. The stock has a fifty day simple moving average of $15.65 and a 200-day simple moving average of $16.08.

Nuveen Taxable Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.0965 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 7.04%.

Nuveen Taxable Municipal Income Fund Company Profile

Nuveen Taxable 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 the United States. The fund also invests some portion of its portfolio in derivative instruments.