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

Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Rating) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 1,800 shares, a drop of 86.0% from the April 30th total of 12,900 shares. Based on an average daily volume of 94,700 shares, the short-interest ratio is presently 0.0 days.

Shares of NBB traded down $0.10 during trading hours on Thursday, reaching $18.39. 445 shares of the company’s stock traded hands, compared to its average volume of 99,596. The business’s fifty day simple moving average is $18.55 and its two-hundred day simple moving average is $20.58. Nuveen Taxable Municipal Income Fund has a twelve month low of $16.85 and a twelve month high of $23.91.

The company also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be paid a dividend of $0.108 per share. The ex-dividend date is Thursday, May 12th. This represents a $1.30 annualized dividend and a yield of 7.05%.

Several large investors have recently added to or reduced their stakes in NBB. Morgan Stanley boosted its position in Nuveen Taxable Municipal Income Fund by 15.3% during the 3rd quarter. Morgan Stanley now owns 783,931 shares of the company’s stock worth $17,960,000 after acquiring an additional 104,136 shares during the period. M&T Bank Corp purchased a new stake in shares of Nuveen Taxable Municipal Income Fund during the 1st quarter worth about $1,325,000. Envestnet Asset Management Inc. raised its stake in shares of Nuveen Taxable Municipal Income Fund by 465.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 71,616 shares of the company’s stock worth $1,432,000 after purchasing an additional 58,940 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Nuveen Taxable Municipal Income Fund during the 1st quarter worth about $1,143,000. Finally, Gill Capital Partners LLC raised its stake in shares of Nuveen Taxable Municipal Income Fund by 87.1% during the 1st quarter. Gill Capital Partners LLC now owns 121,215 shares of the company’s stock worth $2,423,000 after purchasing an additional 56,437 shares in the last quarter.

Nuveen Taxable Municipal Income Fund Company Profile (Get Rating)

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.

Featured Stories