Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Short Interest Update

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 17,600 shares, an increase of 30.4% from the February 28th total of 13,500 shares. Based on an average daily trading volume, of 25,900 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are sold short.

Nuveen Municipal Income Fund Stock Up 0.3 %

Shares of Nuveen Municipal Income Fund stock traded up $0.03 on Wednesday, hitting $9.88. The stock had a trading volume of 7,686 shares, compared to its average volume of 22,352. Nuveen Municipal Income Fund has a one year low of $9.11 and a one year high of $10.30. The stock’s 50-day simple moving average is $9.82 and its two-hundred day simple moving average is $9.75.

Nuveen Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a dividend of $0.038 per share. This represents a $0.46 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend was Friday, March 14th.

Institutional Trading of Nuveen Municipal Income Fund

Institutional investors have recently modified their holdings of the company. South Plains Financial Inc. purchased a new position in Nuveen Municipal Income Fund during the 4th quarter valued at about $36,000. WESPAC Advisors LLC purchased a new position in shares of Nuveen Municipal Income Fund during the fourth quarter valued at approximately $94,000. Janney Montgomery Scott LLC bought a new position in shares of Nuveen Municipal Income Fund during the fourth quarter valued at approximately $109,000. Wolverine Asset Management LLC purchased a new stake in Nuveen Municipal Income Fund in the fourth quarter worth $775,000. Finally, Jones Financial Companies Lllp boosted its holdings in Nuveen Municipal Income Fund by 27.9% in the fourth quarter. Jones Financial Companies Lllp now owns 192,296 shares of the company’s stock valued at $1,810,000 after acquiring an additional 41,907 shares in the last quarter. 16.57% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Income Fund Company Profile

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.