Short Interest in Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Increases By 42.9%

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 50,300 shares, an increase of 42.9% from the February 13th total of 35,200 shares. Based on an average trading volume of 23,100 shares, the short-interest ratio is currently 2.2 days.

Institutional Trading of Nuveen Massachusetts Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. ST Germain D J Co. Inc. boosted its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 199.4% during the fourth quarter. ST Germain D J Co. Inc. now owns 2,982 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,986 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Nuveen Massachusetts Quality Municipal Income Fund in the fourth quarter valued at $284,000. Finally, Wells Fargo & Company MN boosted its position in Nuveen Massachusetts Quality Municipal Income Fund by 266.9% during the fourth quarter. Wells Fargo & Company MN now owns 80,168 shares of the financial services provider’s stock valued at $922,000 after acquiring an additional 58,320 shares during the last quarter. 16.55% of the stock is owned by institutional investors.

Nuveen Massachusetts Quality Municipal Income Fund Trading Down 0.3 %

NMT opened at $11.73 on Friday. The firm’s fifty day moving average price is $11.69 and its two-hundred day moving average price is $11.63. Nuveen Massachusetts Quality Municipal Income Fund has a fifty-two week low of $10.41 and a fifty-two week high of $12.21.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.071 per share. The ex-dividend date is Friday, March 14th. This represents a $0.85 annualized dividend and a yield of 7.26%.

About Nuveen Massachusetts Quality Municipal Income Fund

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.