Short Interest in Nuveen Taxable Municipal Income Fund (NYSE:NBB) Declines By 53.7%

Nuveen Taxable Municipal Income Fund (NYSE:NBB) was the target of a significant decline in short interest during the month of 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 days-to-cover ratio is presently 0.9 days.

Nuveen Taxable Municipal Income Fund Price Performance

NYSE NBB opened at $16.08 on Friday. Nuveen Taxable Municipal Income Fund has a 12 month low of $14.52 and a 12 month high of $17.31. The stock’s fifty day moving average price is $16.14 and its 200-day moving average price is $16.08.

Nuveen Taxable Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.0965 per share. This represents a $1.16 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of Nuveen Taxable Municipal Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in shares of Nuveen Taxable Municipal Income Fund during the third quarter valued at approximately $240,000. Captrust Financial Advisors bought a new position in Nuveen Taxable Municipal Income Fund in the 3rd quarter valued at approximately $194,000. Eagle Bluffs Wealth Management LLC boosted its stake in Nuveen Taxable Municipal Income Fund by 9.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 449,716 shares of the company’s stock valued at $7,513,000 after purchasing an additional 37,626 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Nuveen Taxable Municipal Income Fund by 1,561.0% during the 3rd quarter. International Assets Investment Management LLC now owns 101,670 shares of the company’s stock valued at $1,689,000 after purchasing an additional 95,549 shares during the last quarter. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of Nuveen Taxable Municipal Income Fund by 1.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 53,439 shares of the company’s stock worth $888,000 after purchasing an additional 736 shares in the last quarter.

Nuveen Taxable Municipal Income Fund Company Profile

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.