Nuveen Taxable Municipal Income Fund (NYSE:NBB) Sees Significant Decrease in Short Interest

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 83,700 shares, a decline of 53.7% from the November 15th total of 180,600 shares. Based on an average daily trading volume, of 94,200 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in shares of Nuveen Taxable Municipal Income Fund in the 2nd quarter valued at $95,000. Captrust Financial Advisors acquired a new stake in Nuveen Taxable Municipal Income Fund in the third quarter worth about $194,000. Cetera Advisors LLC bought a new stake in Nuveen Taxable Municipal Income Fund during the 1st quarter worth about $229,000. Jane Street Group LLC acquired a new position in Nuveen Taxable Municipal Income Fund during the 3rd quarter valued at about $240,000. Finally, Calamos Advisors LLC bought a new position in shares of Nuveen Taxable Municipal Income Fund in the 2nd quarter valued at about $245,000.

Nuveen Taxable Municipal Income Fund Trading Down 0.1 %

NBB stock traded down $0.01 during midday trading on Friday, reaching $16.08. 42,449 shares of the company’s stock traded hands, compared to its average volume of 75,944. The company has a 50-day simple moving average of $16.14 and a two-hundred day simple moving average of $16.08. Nuveen Taxable Municipal Income Fund has a 1-year low of $14.52 and a 1-year high of $17.31.

Nuveen Taxable Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.0965 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.20%.

About Nuveen Taxable Municipal Income Fund

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.