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

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 13,436 shares, a decline of 42.8% from the September 15th total of 23,510 shares. Based on an average trading volume of 40,127 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Nuveen Minnesota Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NMS. Focus Financial Network Inc. grew its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 32.3% in the third quarter. Focus Financial Network Inc. now owns 115,269 shares of the company’s stock valued at $1,130,000 after purchasing an additional 28,156 shares in the last quarter. Cetera Investment Advisers grew its position in Nuveen Minnesota Quality Municipal Income Fund by 118.1% in the first quarter. Cetera Investment Advisers now owns 44,534 shares of the company’s stock worth $543,000 after acquiring an additional 24,119 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 4.4% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 34,224 shares of the company’s stock valued at $414,000 after buying an additional 1,444 shares in the last quarter.

Nuveen Minnesota Quality Municipal Income Fund Price Performance

Shares of NMS remained flat at $10.08 during trading hours on Thursday. The stock had a trading volume of 7,349 shares, compared to its average volume of 20,183. Nuveen Minnesota Quality Municipal Income Fund has a 12 month low of $9.48 and a 12 month high of $12.50. The business’s fifty day moving average is $10.56 and its 200 day moving average is $11.58.

Nuveen Minnesota Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a dividend of $0.0630 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.76 annualized dividend and a yield of 7.5%.

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, an investment management firm. 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 securities.

The fund’s portfolio generally consists of investment-grade municipal bonds issued by the state of Minnesota and its municipalities, authorities, and other governmental entities. These securities may help finance public infrastructure and services such as education, transportation, utilities, health care, and housing.