Short Interest in Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Declines By 56.2%

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 4,031 shares, a drop of 56.2% from the July 30th total of 9,194 shares. Based on an average trading volume of 27,957 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Nuveen Minnesota Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NMS. Virtu Financial LLC bought a new stake in Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter valued at about $133,000. Mariner LLC bought a new stake in Nuveen Minnesota Quality Municipal Income Fund in the fourth quarter valued at about $140,000. Artesa Financial Group LLC acquired a new stake in Nuveen Minnesota Quality Municipal Income Fund in the 4th quarter valued at $142,000. LPL Financial LLC bought a new stake in Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth about $148,000. Finally, Osaic Holdings Inc. increased its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 20.3% in the second quarter. Osaic Holdings Inc. now owns 12,797 shares of the company’s stock valued at $146,000 after buying an additional 2,157 shares in the last quarter.

Nuveen Minnesota Quality Municipal Income Fund Price Performance

Shares of NYSE NMS traded down $0.03 during midday trading on Friday, reaching $10.94. 33,273 shares of the company traded hands, compared to its average volume of 16,552. The stock has a 50-day moving average price of $11.79 and a 200 day moving average price of $12.02. Nuveen Minnesota Quality Municipal Income Fund has a 52 week low of $10.90 and a 52 week high of $12.50.

Nuveen Minnesota Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a $0.063 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 6.9%.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment company managed by Nuveen, a global asset manager specializing in fixed income and tax-advantaged strategies. The fund’s primary objective is to provide current income exempt from federal and Minnesota state personal income taxes by investing predominantly in municipal securities issued by entities located in or serving the state of Minnesota.

The fund’s portfolio is concentrated in investment-grade general obligation and revenue bonds that finance public projects such as schools, transportation infrastructure, and utilities throughout Minnesota.