Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) was the target 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 daily volume of 81,800 shares, the short-interest ratio is presently 0.7 days.
Nuveen Taxable Municipal Income Fund Trading Down 0.5 %
NYSE NBB traded down $0.08 on Friday, reaching $15.81. The company had a trading volume of 43,160 shares, compared to its average volume of 79,122. Nuveen Taxable Municipal Income Fund has a 52 week low of $14.52 and a 52 week high of $17.31. The stock’s 50 day moving average is $15.81 and its 200-day moving average is $16.05.
Nuveen Taxable Municipal Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.0965 per share. This represents a $1.16 annualized dividend and a yield of 7.33%. The ex-dividend date is Friday, March 14th.
Institutional Inflows and Outflows
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.
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