Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Sees Significant Growth in Short Interest

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 23,510 shares, a growth of 244.7% from the August 31st total of 6,820 shares. Based on an average daily volume of 58,623 shares, the short-interest ratio is presently 0.4 days.

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

NYSE NMS traded down $0.05 during trading on Friday, hitting $9.92. The company’s stock had a trading volume of 17,166 shares, compared to its average volume of 19,783. Nuveen Minnesota Quality Municipal Income Fund has a 52 week low of $9.90 and a 52 week high of $12.50. The firm has a 50 day moving average price of $11.09 and a 200 day moving average price of $11.78.

Nuveen Minnesota Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.0630 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 7.6%.

Institutional Trading of Nuveen Minnesota Quality Municipal Income Fund

A number of hedge funds have recently bought and sold shares of NMS. Redhawk Wealth Advisors Inc. grew its position in Nuveen Minnesota Quality Municipal Income Fund by 4.4% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 34,224 shares of the company’s stock worth $414,000 after purchasing an additional 1,444 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 118.1% during the first quarter. Cetera Investment Advisers now owns 44,534 shares of the company’s stock valued at $543,000 after buying an additional 24,119 shares during the last quarter. Finally, Artesa Financial Group LLC bought a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund in the fourth quarter valued at about $142,000.

About Nuveen Minnesota Quality Municipal Income Fund

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment fund managed by Nuveen. 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 obligations issued by the state of Minnesota and its political subdivisions.

The fund’s portfolio may include bonds issued to finance public infrastructure and essential services, such as schools, transportation systems, utilities, health care facilities and other governmental or community projects.