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Municipal bond closed-end funds (CEFs) are seeing narrowing discounts, with NXP and MHF offering the most compelling value in the space at present. Leverage costs are easing as the Fed cuts rates, which should improve distribution coverage and make leveraged muni CEFs more attractive. Of course, there are always risks that include increased volatility from leverage and sensitivity to long-term Treasury rates, but we've seen long-term rate stabilization within a fairly narrow range.
Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ - Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 33,696 shares, an increase of 21.1% from the December 15th total of 27,823 shares. Approximately 0.3% of the company's shares
Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $11.85 and traded as high as $11.97. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.90, with a volume of 54,559 shares traded.
Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $11.83 and traded as high as $11.99. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.9540, with a volume of 24,498
Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $11.81 and traded as high as $11.85. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.82, with
The Nuveen Arizona Quality Municipal Income Fund is reviewed and then compared to the Nuveen Quality Muni Income Fund. NAZ invests in Arizona municipal securities exempt from federal and state taxes, with a focus on high-quality bonds. Selling NAZ and holding NAD is recommended due to better yield and performance, despite state income tax savings with NAZ.
NEW YORK--(BUSINESS WIRE)--Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the regular monthly and quarterly distributions. In addition, the Board of Trustees has approved updated distribution polices described below under “Monthly & Quarterly Distributions” for The Nuveen Preferred & Income Opportunities Fund (NYSE: JPC), Nuveen Preferred and Income Term Fund (NYSE: JPI), Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD), Nuveen.
0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.