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%.
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.
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