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

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 6,087 shares, a decrease of 34.0% from the April 15th total of 9,227 shares. Based on an average trading volume of 9,139 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers boosted its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 118.1% during the 1st quarter. Cetera Investment Advisers now owns 44,534 shares of the company’s stock valued at $543,000 after acquiring an additional 24,119 shares in the last quarter. LPL Financial LLC bought a new position in shares of Nuveen Minnesota Quality Municipal Income Fund in the fourth quarter worth about $148,000. Wells Fargo & Company MN raised its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 20.4% in the fourth quarter. Wells Fargo & Company MN now owns 15,896 shares of the company’s stock worth $186,000 after acquiring an additional 2,689 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 73.4% in the third quarter. Raymond James Financial Inc. now owns 33,077 shares of the company’s stock worth $394,000 after acquiring an additional 14,000 shares during the last quarter. Finally, Access Financial Services Inc. raised its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 32.4% in the fourth quarter. Access Financial Services Inc. now owns 30,797 shares of the company’s stock worth $361,000 after acquiring an additional 7,537 shares during the last quarter.

Nuveen Minnesota Quality Municipal Income Fund Stock Up 0.7%

Shares of NYSE:NMS traded up $0.09 during mid-day trading on Tuesday, hitting $12.14. The stock had a trading volume of 13,473 shares, compared to its average volume of 15,240. Nuveen Minnesota Quality Municipal Income Fund has a 12-month low of $11.07 and a 12-month high of $12.49. The company’s 50 day moving average is $12.12 and its 200-day moving average is $12.01.

Nuveen Minnesota Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a $0.0665 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 6.6%.

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.