Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Sees Significant Decline in Short Interest

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 6,706 shares, a drop of 52.0% from the September 15th total of 13,957 shares. Based on an average trading volume of 56,975 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Nuveen Massachusetts Quality Municipal Income Fund Stock Down 0.3%

Shares of NMT stock traded down $0.03 on Friday, reaching $10.09. The stock had a trading volume of 13,067 shares, compared to its average volume of 24,997. The firm’s 50-day moving average is $11.51 and its two-hundred day moving average is $12.28. Nuveen Massachusetts Quality Municipal Income Fund has a 12 month low of $10.02 and a 12 month high of $13.69.

Nuveen Massachusetts Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0605 per share. This represents a $0.73 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Trading of Nuveen Massachusetts Quality Municipal Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of NMT. Sax Wealth Advisors LLC boosted its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 58.6% during the 3rd quarter. Sax Wealth Advisors LLC now owns 61,018 shares of the financial services provider’s stock worth $634,000 after acquiring an additional 22,549 shares during the period. Cetera Investment Advisers acquired a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the 1st quarter worth approximately $138,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 64.2% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,245 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 6,745 shares during the last quarter. Bank of America Corp DE raised its stake in Nuveen Massachusetts Quality Municipal Income Fund by 19.7% in the 1st quarter. Bank of America Corp DE now owns 212,058 shares of the financial services provider’s stock valued at $2,610,000 after acquiring an additional 34,964 shares during the period. Finally, Breakwater Capital Group bought a new stake in Nuveen Massachusetts Quality Municipal Income Fund in the 3rd quarter valued at $122,000. Institutional investors own 16.55% of the company’s stock.

About Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) is a closed-end investment company managed by Nuveen, an investment manager specializing in income-oriented strategies. The fund seeks to provide current income that is exempt from regular federal income tax and Massachusetts state personal income tax.

To pursue its objective, the fund invests primarily in municipal bonds and other tax-exempt securities issued by Massachusetts municipalities and related governmental entities.