Nuveen Taxable Municipal Income Fund (NYSE:NBB) Short Interest Down 55.4% in December

Nuveen Taxable Municipal Income Fund (NYSE:NBB) saw a significant decline in short interest in December. As of December 31st, there was short interest totalling 38,700 shares, a decline of 55.4% from the December 15th total of 86,800 shares. Based on an average daily volume of 94,600 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Nuveen Taxable Municipal Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new position in shares of Nuveen Taxable Municipal Income Fund during the 3rd quarter worth approximately $194,000. Jane Street Group LLC acquired a new stake in shares of Nuveen Taxable Municipal Income Fund during the 3rd quarter worth about $240,000. Commonwealth Equity Services LLC lifted its stake in shares of Nuveen Taxable Municipal Income Fund by 4.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 44,973 shares of the company’s stock worth $698,000 after buying an additional 1,971 shares during the last quarter. Bruce G. Allen Investments LLC boosted its holdings in shares of Nuveen Taxable Municipal Income Fund by 2.7% during the 4th quarter. Bruce G. Allen Investments LLC now owns 54,881 shares of the company’s stock worth $822,000 after buying an additional 1,442 shares during the period. Finally, International Assets Investment Management LLC grew its stake in Nuveen Taxable Municipal Income Fund by 1,561.0% in the 3rd quarter. International Assets Investment Management LLC now owns 101,670 shares of the company’s stock valued at $1,689,000 after buying an additional 95,549 shares during the last quarter.

Nuveen Taxable Municipal Income Fund Trading Down 0.1 %

NYSE NBB opened at $15.30 on Tuesday. Nuveen Taxable Municipal Income Fund has a 12-month low of $14.52 and a 12-month high of $17.31. The firm’s 50 day moving average is $15.77 and its 200-day moving average is $16.10.

Nuveen Taxable Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a $0.0965 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.