Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Shares Shorted: Short Interest Down 42.8% in September

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 13,436 shares, a decline of 42.8% from the September 15th total of 23,510 shares. Based on an average trading volume of 40,127 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen Minnesota Quality Municipal Income Fund Trading Up 1.6%

Shares of NMS traded up $0.16 during mid-day trading on Friday, reaching $10.24. The stock had a trading volume of 64,568 shares, compared to its average volume of 20,405. Nuveen Minnesota Quality Municipal Income Fund has a 52-week low of $9.48 and a 52-week high of $12.50. The business’s fifty day moving average is $10.50 and its 200 day moving average is $11.56.

Nuveen Minnesota Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.0630 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Redhawk Wealth Advisors Inc. grew its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 4.4% during the second quarter. Redhawk Wealth Advisors Inc. now owns 34,224 shares of the company’s stock worth $414,000 after buying an additional 1,444 shares in the last quarter. Cetera Investment Advisers lifted 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 worth $543,000 after buying an additional 24,119 shares during the last quarter. Finally, Focus Financial Network Inc. boosted its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 32.3% in the 3rd quarter. Focus Financial Network Inc. now owns 115,269 shares of the company’s stock valued at $1,130,000 after buying an additional 28,156 shares in the last quarter.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment fund managed by Nuveen, an investment management firm. 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 securities.

The fund’s portfolio generally consists of investment-grade municipal bonds issued by the state of Minnesota and its municipalities, authorities, and other governmental entities. These securities may help finance public infrastructure and services such as education, transportation, utilities, health care, and housing.