Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Short Interest Down 24.0% in February

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 11,400 shares, a decline of 24.0% from the February 13th total of 15,000 shares. Based on an average daily trading volume, of 15,200 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Nuveen Minnesota Quality Municipal Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Redhawk Wealth Advisors Inc. raised its stake in Nuveen Minnesota Quality Municipal Income Fund by 18.2% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 18,256 shares of the company’s stock worth $225,000 after acquiring an additional 2,815 shares in the last quarter. Focus Financial Network Inc. acquired a new position in Nuveen Minnesota Quality Municipal Income Fund during the 4th quarter worth approximately $614,000. Gladstone Institutional Advisory LLC bought a new position in Nuveen Minnesota Quality Municipal Income Fund in the 4th quarter valued at approximately $254,000. Raymond James Financial Inc. acquired a new stake in Nuveen Minnesota Quality Municipal Income Fund in the fourth quarter valued at approximately $254,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth $136,000.

Nuveen Minnesota Quality Municipal Income Fund Stock Down 0.5 %

Shares of Nuveen Minnesota Quality Municipal Income Fund stock opened at $12.13 on Wednesday. The company has a 50 day moving average of $12.36 and a 200-day moving average of $12.77. Nuveen Minnesota Quality Municipal Income Fund has a 1-year low of $10.62 and a 1-year high of $13.76.

Nuveen Minnesota Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0735 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.27%.

About Nuveen Minnesota Quality Municipal Income Fund

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.