Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Short Interest Update

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 13,700 shares, a drop of 27.1% from the October 31st total of 18,800 shares. Based on an average daily volume of 13,400 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Nuveen Minnesota Quality Municipal Income Fund

A number of hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in Nuveen Minnesota Quality Municipal Income Fund during the second quarter valued at about $376,000. Logan Stone Capital LLC bought a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund in the 2nd quarter worth approximately $289,000. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund in the 3rd quarter valued at $199,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 11.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 31,630 shares of the company’s stock valued at $359,000 after purchasing an additional 3,195 shares during the last quarter.

Nuveen Minnesota Quality Municipal Income Fund Stock Down 0.2 %

NYSE:NMS traded down $0.03 during trading hours on Friday, hitting $13.23. The stock had a trading volume of 6,123 shares, compared to its average volume of 14,069. The company has a 50 day simple moving average of $13.11 and a two-hundred day simple moving average of $12.32. Nuveen Minnesota Quality Municipal Income Fund has a one year low of $10.62 and a one year high of $13.76.

Nuveen Minnesota Quality Municipal Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.0735 dividend. This is an increase from Nuveen Minnesota Quality Municipal Income Fund’s previous monthly dividend of $0.07. This represents a $0.88 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Friday, November 15th.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

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.