Short Interest in Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Grows By 42.9%

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 50,300 shares, an increase of 42.9% from the February 13th total of 35,200 shares. Based on an average daily volume of 23,100 shares, the short-interest ratio is presently 2.2 days.

Hedge Funds Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund in the 4th quarter worth $284,000. Wells Fargo & Company MN boosted its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 266.9% in the 4th quarter. Wells Fargo & Company MN now owns 80,168 shares of the financial services provider’s stock worth $922,000 after buying an additional 58,320 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 199.4% in the 4th quarter. ST Germain D J Co. Inc. now owns 2,982 shares of the financial services provider’s stock worth $34,000 after buying an additional 1,986 shares during the last quarter. 16.55% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Massachusetts Quality Municipal Income Fund Stock Performance

Shares of NMT stock traded up $0.04 on Monday, reaching $11.77. The stock had a trading volume of 17,298 shares, compared to its average volume of 21,718. Nuveen Massachusetts Quality Municipal Income Fund has a 1 year low of $10.41 and a 1 year high of $12.21. The company has a 50 day simple moving average of $11.69 and a 200 day simple moving average of $11.63.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.071 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 7.24%.

About Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts 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 Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes.