Short Interest in Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Drops By 44.8%

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 47,700 shares, a drop of 44.8% from the October 31st total of 86,400 shares. Based on an average daily volume of 29,100 shares, the short-interest ratio is presently 1.6 days.

Institutional Trading of Nuveen Massachusetts Quality Municipal Income Fund

Large investors have recently made changes to their positions in the stock. 1620 Investment Advisors Inc. bought a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the 2nd quarter valued at about $46,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 79.5% during the second quarter. Blue Bell Private Wealth Management LLC now owns 6,340 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 2,808 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the third quarter valued at approximately $130,000. PFG Investments LLC grew its stake in Nuveen Massachusetts Quality Municipal Income Fund by 13.9% in the second quarter. PFG Investments LLC now owns 16,667 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 2,031 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Nuveen Massachusetts Quality Municipal Income Fund in the third quarter worth approximately $396,000. 16.55% of the stock is owned by hedge funds and other institutional investors.

Nuveen Massachusetts Quality Municipal Income Fund Trading Up 0.7 %

Shares of NMT traded up $0.08 during mid-day trading on Thursday, reaching $11.76. 40,593 shares of the company’s stock traded hands, compared to its average volume of 20,195. The stock’s 50-day moving average is $11.67 and its two-hundred day moving average is $11.31. Nuveen Massachusetts Quality Municipal Income Fund has a 12 month low of $10.09 and a 12 month high of $12.21.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.071 per share. The ex-dividend date is Friday, November 15th. This represents a $0.85 annualized dividend and a dividend yield of 7.24%.

Nuveen Massachusetts Quality Municipal Income Fund Company Profile

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.