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

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 7,200 shares, a decline of 36.8% from the February 28th total of 11,400 shares. Based on an average daily trading volume, of 15,600 shares, the short-interest ratio is presently 0.5 days.

Nuveen Minnesota Quality Municipal Income Fund Price Performance

Nuveen Minnesota Quality Municipal Income Fund stock traded down $0.06 during trading hours on Friday, hitting $12.01. 15,938 shares of the stock were exchanged, compared to its average volume of 15,029. Nuveen Minnesota Quality Municipal Income Fund has a 12 month low of $10.62 and a 12 month high of $13.76. The business’s 50-day moving average is $12.35 and its two-hundred day moving average is $12.72.

Nuveen Minnesota Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.0735 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.88 dividend on an annualized basis and a yield of 7.34%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. bought a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth approximately $136,000. Vermillion Wealth Management Inc. acquired a new stake in Nuveen Minnesota Quality Municipal Income Fund during the 4th quarter worth $209,000. Bank of America Corp DE grew its holdings in Nuveen Minnesota Quality Municipal Income Fund by 15.6% during the 4th quarter. Bank of America Corp DE now owns 17,981 shares of the company’s stock worth $222,000 after acquiring an additional 2,428 shares during the period. Redhawk Wealth Advisors Inc. raised its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 18.2% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 18,256 shares of the company’s stock valued at $225,000 after acquiring an additional 2,815 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new position in shares of Nuveen Minnesota Quality Municipal Income Fund in the 4th quarter valued at $254,000.

About Nuveen Minnesota Quality Municipal Income Fund

Nuveen Minnesota 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 the United States. The fund primarily invests in investment grade municipal securities that are exempt from regular federal and Minnesota personal income taxes.