Nuveen Premium Income Municipal Fund (NPI) : Mondays money flow points at investors jumping to buy the stock on the weakness of price. $0.19 million worth of transactions were on upticks, whereas, the downticks accounted for $0.03 million worth of transactions. The net money flow was a positive $0.16 million and the uptick to downtick ratio was 6.49. The net money flow into the stock was $0 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Nuveen Premium Income Municipal Fund (NPI) was trading at $15.5, down $0.03 during day. The stock slid -0.18% over the previous days close. For the week, the stock recorded -0.24% over the previous weeks close.
Nuveen Premium Income Municipal Fund, Inc. has dropped 0.34% in the last five trading days, however, the shares have posted positive gains of 2.63% in the last 4 weeks. Nuveen Premium Income Municipal Fund, Inc. is up 3.33% in the last 3-month period. Year-to-Date the stock performance stands at 13.46%.
Nuveen Premium Income Municipal Fund (NYSE:NPI): The stock opened at $15.53 on Monday but the bulls could not build on the opening and the stock topped out at $15.56 for the day. The stock traded down to $15.42 during the day, due to lack of any buying support eventually closed down at $15.42 with a loss of -0.71% for the day. The stock had closed at $15.53 on the previous day. The total traded volume was 75,260 shares.
In a related news, Brennan Paul L, officer (V.P. & Assistant Secretary) of Nuveen Premium Income Municipal Fund Inc, executed a transaction worth $10,488 on June 5, 2015. A total of 800 shares were purchased at an average price of $13.11. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Nuveen Premium Income Municipal Fund, Inc. is a diversified closed-end investment company. The Funds objective is to provide current income exempt from regular federal income tax, consistent with the preservation of capital. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade (Baa/BBB or better by S&P, Moodys, or Fitch) at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The Fund invests in healthcare, transportation, utilities and education and civic organizations, among others. It is managed by Nuveen Asset Management, LLC.