Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Stock Short Interest Drops 61.3%

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 13,957 shares, a drop of 61.3% from the August 31st total of 36,092 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 37,424 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in Nuveen Massachusetts Quality Municipal Income Fund by 19.7% during 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 purchasing an additional 34,964 shares during the last quarter. Sax Wealth Advisors LLC raised its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 93.5% in the second quarter. Sax Wealth Advisors LLC now owns 38,469 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 18,588 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 51.9% in the fourth quarter. Moors & Cabot Inc. now owns 21,960 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 7,500 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 64.2% during the second 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 purchasing an additional 6,745 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund during the first quarter worth about $138,000. 16.55% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Massachusetts Quality Municipal Income Fund Stock Up 0.7%

Shares of NYSE:NMT traded up $0.07 during trading hours on Tuesday, hitting $10.30. 45,611 shares of the company’s stock traded hands, compared to its average volume of 23,615. Nuveen Massachusetts Quality Municipal Income Fund has a 1 year low of $10.02 and a 1 year high of $13.69. The business has a fifty day moving average price of $12.15 and a 200-day moving average price of $12.45.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0605 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.73 dividend on an annualized basis and a yield of 7.0%.

About Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fund (NYSE: NMT) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax and Massachusetts state income tax. The fund invests primarily in municipal securities issued by or on behalf of the Commonwealth of Massachusetts and its political subdivisions, agencies and public authorities.

NMT’s portfolio may include general obligation bonds, revenue bonds and other tax-exempt municipal debt used to finance public infrastructure and services.