Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Short Interest Update

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 12,800 shares, a decline of 21.5% from the August 15th total of 16,300 shares. Based on an average trading volume of 16,600 shares, the days-to-cover ratio is presently 0.8 days.

Nuveen Minnesota Quality Municipal Income Fund Stock Down 1.9 %

Shares of Nuveen Minnesota Quality Municipal Income Fund stock traded down $0.26 during trading on Friday, reaching $13.29. 14,145 shares of the company traded hands, compared to its average volume of 14,826. The company has a 50 day moving average price of $12.33 and a 200-day moving average price of $11.52. Nuveen Minnesota Quality Municipal Income Fund has a 1-year low of $9.21 and a 1-year high of $13.63.

Nuveen Minnesota Quality Municipal Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a $0.0735 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 6.64%. This is a positive change from Nuveen Minnesota Quality Municipal Income Fund’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Friday, September 13th.

Hedge Funds Weigh In On Nuveen Minnesota Quality Municipal Income Fund

A number of institutional investors have recently modified their holdings of NMS. Logan Stone Capital LLC bought a new stake in Nuveen Minnesota Quality Municipal Income Fund during the 2nd quarter worth approximately $289,000. Commonwealth Equity Services LLC lifted its stake in Nuveen Minnesota Quality Municipal Income Fund by 11.2% during the 2nd 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. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Nuveen Minnesota Quality Municipal Income Fund during the 2nd quarter worth $376,000.

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.