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

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) saw a significant growth in short interest in 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 trading volume of 58,623 shares, the short-interest ratio is presently 0.4 days.

Nuveen Minnesota Quality Municipal Income Fund Stock Down 0.5%

Shares of NYSE NMS traded down $0.05 during midday trading on Friday, reaching $9.92. 17,166 shares of the company’s stock were exchanged, 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 business’s fifty day moving average price is $11.09 and its two-hundred day moving average price is $11.78.

Nuveen Minnesota Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.0630 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 7.6%.

Institutional Trading of Nuveen Minnesota Quality Municipal Income Fund

Several institutional investors have recently made changes to their positions in the stock. Artesa Financial Group LLC purchased a new stake in Nuveen Minnesota Quality Municipal Income Fund in the 4th quarter worth approximately $142,000. Redhawk Wealth Advisors Inc. boosted its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 4.4% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 34,224 shares of the company’s stock worth $414,000 after acquiring an additional 1,444 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings 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 during 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. 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.