Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Sees Large Decrease in Short Interest

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 20,900 shares, a drop of 27.2% from the November 30th total of 28,700 shares. Based on an average daily trading volume, of 29,100 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC purchased a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the third quarter worth about $130,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 3rd quarter valued at approximately $396,000. PFG Investments LLC raised its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 13.9% in the second quarter. PFG Investments LLC now owns 16,667 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 2,031 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 79.5% in the second quarter. Blue Bell Private Wealth Management LLC now owns 6,340 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 2,808 shares during the period. Hedge funds and other institutional investors own 16.55% of the company’s stock.

Nuveen Massachusetts Quality Municipal Income Fund Trading Down 1.3 %

Shares of NMT stock traded down $0.15 on Friday, hitting $11.30. 51,290 shares of the stock traded hands, compared to its average volume of 21,493. Nuveen Massachusetts Quality Municipal Income Fund has a twelve month low of $10.36 and a twelve month high of $12.21. The firm’s 50-day moving average price is $11.66 and its two-hundred day moving average price is $11.45.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.071 per share. The ex-dividend date is Friday, December 13th. This represents a $0.85 annualized dividend and a yield of 7.54%.

About Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts 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 Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes.