Short Interest in Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Grows By 24.4%

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 16,300 shares, a growth of 24.4% from the July 31st total of 13,100 shares. Based on an average daily trading volume, of 16,300 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Nuveen Minnesota Quality Municipal Income Fund

Hedge funds have recently added to or reduced their stakes in the company. Logan Stone Capital LLC purchased a new position in shares of Nuveen Minnesota Quality Municipal Income Fund during the 2nd quarter valued at about $289,000. Commonwealth Equity Services LLC raised its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 11.2% during the second quarter. Commonwealth Equity Services LLC now owns 31,630 shares of the company’s stock worth $359,000 after acquiring an additional 3,195 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund in the 2nd quarter worth approximately $376,000. Finally, Matisse Capital bought a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund in the 4th quarter worth approximately $246,000.

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

Nuveen Minnesota Quality Municipal Income Fund stock opened at $12.85 on Friday. Nuveen Minnesota Quality Municipal Income Fund has a fifty-two week low of $9.21 and a fifty-two week high of $12.99. The firm’s fifty day moving average price is $11.97 and its 200-day moving average price is $11.39.

Nuveen Minnesota Quality Municipal Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be given a dividend of $0.073 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.88 dividend on an annualized basis and a yield of 6.82%.

About Nuveen Minnesota Quality Municipal Income Fund

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.