Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 57,900 shares, a decline of 47.8% from the February 13th total of 110,900 shares. Based on an average trading volume of 81,800 shares, the short-interest ratio is presently 0.7 days.
Nuveen Taxable Municipal Income Fund Trading Up 0.1 %
Shares of Nuveen Taxable Municipal Income Fund stock opened at $15.89 on Friday. Nuveen Taxable Municipal Income Fund has a 52 week low of $14.52 and a 52 week high of $17.31. The company’s 50-day moving average price is $15.79 and its two-hundred day moving average price is $16.06.
Nuveen Taxable Municipal Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.0965 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.29%.
Institutional Trading of Nuveen Taxable Municipal Income Fund
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.
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