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 during the month of August. As of August 14th, there was short interest totaling 4,031 shares, a decrease of 56.2% from the July 30th total of 9,194 shares. Based on an average trading volume of 27,957 shares, the days-to-cover ratio is presently 0.1 days.

Nuveen Minnesota Quality Municipal Income Fund Price Performance

Shares of NMS traded down $0.03 during mid-day trading on Friday, hitting $10.94. The company had a trading volume of 33,273 shares, compared to its average volume of 16,552. The business’s 50-day simple moving average is $11.79 and its 200-day simple moving average is $12.02. Nuveen Minnesota Quality Municipal Income Fund has a 1-year low of $10.90 and a 1-year high of $12.50.

Nuveen Minnesota Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.063 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 6.9%.

Institutional Trading of Nuveen Minnesota Quality Municipal Income Fund

Several institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers raised its holdings in Nuveen Minnesota Quality Municipal Income Fund by 118.1% in 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 period. Raymond James Financial Inc. grew its stake in Nuveen Minnesota Quality Municipal Income Fund by 73.4% during the third quarter. Raymond James Financial Inc. now owns 33,077 shares of the company’s stock worth $394,000 after buying an additional 14,000 shares during the period. LPL Financial LLC purchased a new stake in Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth approximately $148,000. Artesa Financial Group LLC acquired a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund in the fourth quarter worth $142,000. Finally, Mariner LLC acquired a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund in the fourth quarter worth $140,000.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment company managed by Nuveen, a global asset manager specializing in fixed income and tax-advantaged strategies. The fund’s primary objective is to provide current income exempt from federal and Minnesota state personal income taxes by investing predominantly in municipal securities issued by entities located in or serving the state of Minnesota.

The fund’s portfolio is concentrated in investment-grade general obligation and revenue bonds that finance public projects such as schools, transportation infrastructure, and utilities throughout Minnesota.