Nuveen Municipal Income Fund, Inc. (NYSE:NMI) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 4,000 shares, a drop of 50.6% from the December 15th total of 8,100 shares. Based on an average daily trading volume, of 13,100 shares, the days-to-cover ratio is presently 0.3 days.
NYSE NMI traded down $0.01 during trading on Wednesday, hitting $11.20. The company’s stock had a trading volume of 14,131 shares, compared to its average volume of 12,866. Nuveen Municipal Income Fund has a 52 week low of $8.98 and a 52 week high of $12.10. The firm has a 50 day moving average price of $11.30 and a 200 day moving average price of $11.36.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 1st. Stockholders of record on Friday, January 15th will be paid a $0.033 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, January 14th.
About Nuveen Municipal Income Fund
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.
Further Reading: What is meant by holder of record?
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