Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Short Interest Down 36.8% in March

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 7,200 shares, a drop of 36.8% from the February 28th total of 11,400 shares. Based on an average daily trading volume, of 15,600 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Nuveen Minnesota Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NMS. Avantax Advisory Services Inc. bought a new stake in Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth approximately $136,000. Vermillion Wealth Management Inc. bought a new stake in Nuveen Minnesota Quality Municipal Income Fund in the fourth quarter worth approximately $209,000. Bank of America Corp DE raised its holdings in Nuveen Minnesota Quality Municipal Income Fund by 15.6% during the fourth quarter. Bank of America Corp DE now owns 17,981 shares of the company’s stock valued at $222,000 after buying an additional 2,428 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 18.2% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 18,256 shares of the company’s stock valued at $225,000 after acquiring an additional 2,815 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund in the fourth quarter worth $254,000.

Nuveen Minnesota Quality Municipal Income Fund Stock Down 0.5 %

Shares of Nuveen Minnesota Quality Municipal Income Fund stock traded down $0.06 during trading on Friday, hitting $12.01. 15,938 shares of the stock were exchanged, compared to its average volume of 15,029. The stock’s fifty day moving average is $12.35 and its 200 day moving average is $12.73. Nuveen Minnesota Quality Municipal Income Fund has a 12 month low of $10.62 and a 12 month 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.34%. The ex-dividend date of this dividend is Friday, March 14th.

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.