Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Stock Short Interest Climbs 244.7%

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 23,510 shares, a growth of 244.7% from the August 31st total of 6,820 shares. Based on an average trading volume of 58,623 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen Minnesota Quality Municipal Income Fund Stock Down 0.5%

NYSE NMS traded down $0.05 during trading hours on Friday, hitting $9.92. 17,166 shares of the company’s stock traded hands, compared to its average volume of 19,783. Nuveen Minnesota Quality Municipal Income Fund has a 52-week low of $9.90 and a 52-week high of $12.50. The firm’s 50-day moving average is $11.09 and its 200-day moving average is $11.78.

Nuveen Minnesota Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a $0.0630 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.6%.

Hedge Funds Weigh In On Nuveen Minnesota Quality Municipal Income Fund

A number of institutional investors have recently added to or reduced their stakes in NMS. Redhawk Wealth Advisors Inc. boosted its stake in Nuveen Minnesota Quality Municipal Income Fund by 4.4% during the second quarter. Redhawk Wealth Advisors Inc. now owns 34,224 shares of the company’s stock worth $414,000 after buying an additional 1,444 shares during the last quarter. Artesa Financial Group LLC purchased a new position in shares of Nuveen Minnesota Quality Municipal Income Fund during the 4th quarter worth $142,000. Finally, Cetera Investment Advisers raised its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 118.1% during the 1st quarter. Cetera Investment Advisers now owns 44,534 shares of the company’s stock worth $543,000 after acquiring an additional 24,119 shares during the period.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment fund managed by Nuveen. The fund seeks to provide current income that is exempt from regular federal income tax and Minnesota state income tax by investing primarily in municipal obligations issued by the state of Minnesota and its political subdivisions.

The fund’s portfolio may include bonds issued to finance public infrastructure and essential services, such as schools, transportation systems, utilities, health care facilities and other governmental or community projects.