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The fund's objective is a high level of current income exempt from federal income tax. The fund invests in municipal securities that are exempt from federal income taxes. The fund invests at least 80% of its managed assets in municipal securities rated investment grade (Baa/BBB or better by S&P, Moody’s, 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 may invest in inverse floating rate municipal securities, also known as tender option bonds. The fund’s use of tender option bonds to more efficiently implement its investment strategy may create up to 10% effective leverage.
Nuveen Muni Income trades on the NYSE stock market under the symbol NMI.
As of September 11, 2026, NMI stock price declined to $9.98 with 70,254 million shares trading.
NMI has a beta of 0.38, meaning it tends to be less sensitive to market movements. NMI has a correlation of 0.09 to the broad based SPY ETF.
NMI has a market cap of $121.76 million. This is considered a Micro Cap stock.
In the last 3 years, NMI traded as high as $11.28 and as low as $8.30.
NMI has underperformed the market in the last year with a price return of +6.1% while the SPY ETF gained +18.3%. NMI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.9% and -4.0%, respectively, while the SPY returned +5.6% and -0.9%, respectively.
NMI support price is $9.98 and resistance is $10.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NMI shares will trade within this expected range on the day.
