Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Short Interest Update

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 12,800 shares, a decrease of 21.5% from the August 15th total of 16,300 shares. Based on an average daily volume of 16,600 shares, the short-interest ratio is currently 0.8 days.

Nuveen Minnesota Quality Municipal Income Fund Stock Up 0.2 %

Nuveen Minnesota Quality Municipal Income Fund stock traded up $0.02 during midday trading on Tuesday, hitting $13.31. The stock had a trading volume of 29,188 shares, compared to its average volume of 14,893. The business has a fifty day moving average price of $12.37 and a 200 day moving average price of $11.54. Nuveen Minnesota Quality Municipal Income Fund has a 12 month low of $9.21 and a 12 month high of $13.63.

Nuveen Minnesota Quality Municipal Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a dividend of $0.0735 per share. This is an increase from Nuveen Minnesota Quality Municipal Income Fund’s previous monthly dividend of $0.07. This represents a $0.88 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date is Friday, September 13th.

Hedge Funds Weigh In On Nuveen Minnesota Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new position in Nuveen Minnesota Quality Municipal Income Fund in the 2nd quarter valued at about $376,000. Commonwealth Equity Services LLC boosted its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 11.2% in the second quarter. Commonwealth Equity Services LLC now owns 31,630 shares of the company’s stock valued at $359,000 after acquiring an additional 3,195 shares in the last quarter. Finally, Logan Stone Capital LLC acquired a new position in shares of Nuveen Minnesota Quality Municipal Income Fund during the second quarter valued at approximately $289,000.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

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.