Short Interest in Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Rises By 711.1%

Posted by Amy Steele on Dec 26th, 2024

Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 7,300 shares, a growth of 711.1% from the November 30th total of 900 shares. Based on an average trading volume of 36,200 shares, the short-interest ratio is presently 0.2 days.

Nuveen Municipal Income Fund Price Performance

Shares of NMI traded up $0.02 during midday trading on Thursday, reaching $9.43. The stock had a trading volume of 52,119 shares, compared to its average volume of 27,194. The company’s 50-day moving average is $9.61 and its 200 day moving average is $9.86. Nuveen Municipal Income Fund has a 12-month low of $9.11 and a 12-month high of $10.30.

Nuveen Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.038 dividend. This represents a $0.46 annualized dividend and a yield of 4.84%. The ex-dividend date is Friday, December 13th.

Hedge Funds Weigh In On Nuveen Municipal Income Fund

A hedge fund recently bought a new stake in Nuveen Municipal Income Fund stock. Rothschild Investment LLC purchased a new stake in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $490,000. Rothschild Investment LLC owned about 0.50% of Nuveen Municipal Income Fund as of its most recent SEC filing. Institutional investors and hedge funds own 16.57% of the company’s stock.

About Nuveen Municipal Income Fund

(Get Free Report)

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.