Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Sees Significant Decrease in Short Interest

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 6,500 shares, a drop of 19.8% from the December 15th total of 8,100 shares. Based on an average trading volume of 13,500 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Nuveen Minnesota Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of NMS. Redhawk Wealth Advisors Inc. lifted its position in Nuveen Minnesota Quality Municipal Income Fund by 18.2% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 18,256 shares of the company’s stock valued at $225,000 after buying an additional 2,815 shares in the last quarter. Logan Stone Capital LLC acquired a new position in shares of Nuveen Minnesota Quality Municipal Income Fund during the second quarter worth about $289,000. Finally, Commonwealth Equity Services LLC grew its position in Nuveen Minnesota Quality Municipal Income Fund by 11.2% in the second quarter. Commonwealth Equity Services LLC now owns 31,630 shares of the company’s stock valued at $359,000 after acquiring an additional 3,195 shares in the last quarter.

Nuveen Minnesota Quality Municipal Income Fund Stock Up 0.3 %

Shares of NMS stock traded up $0.03 during trading hours on Friday, hitting $12.25. The company’s stock had a trading volume of 2,500 shares, compared to its average volume of 15,070. Nuveen Minnesota Quality Municipal Income Fund has a twelve month low of $10.62 and a twelve month high of $13.76. The business has a fifty day moving average of $12.83 and a 200-day moving average of $12.66.

Nuveen Minnesota Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.0735 dividend. This represents a $0.88 annualized dividend and a yield of 7.20%. The ex-dividend date is Wednesday, January 15th.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

Nuveen Minnesota Quality 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 primarily invests in investment grade municipal securities that are exempt from regular federal and Minnesota personal income taxes.