Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Sees Large Increase in Short Interest

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 6,820 shares, a growth of 69.2% from the August 15th total of 4,031 shares. Based on an average daily trading volume, of 30,621 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Nuveen Minnesota Quality Municipal Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its position in Nuveen Minnesota Quality Municipal Income Fund by 118.1% in the first quarter. Cetera Investment Advisers now owns 44,534 shares of the company’s stock worth $543,000 after buying an additional 24,119 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 4.4% in the second quarter. Redhawk Wealth Advisors Inc. now owns 34,224 shares of the company’s stock valued at $414,000 after buying an additional 1,444 shares in the last quarter. Finally, Artesa Financial Group LLC acquired a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund during the 4th quarter valued at $142,000.

Nuveen Minnesota Quality Municipal Income Fund Trading Down 2.5%

Shares of Nuveen Minnesota Quality Municipal Income Fund stock opened at $10.21 on Friday. The company’s 50-day moving average price is $11.30 and its two-hundred day moving average price is $11.85. Nuveen Minnesota Quality Municipal Income Fund has a 52 week low of $10.16 and a 52 week high of $12.50.

Nuveen Minnesota Quality Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.063 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 7.4%.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment company managed by Nuveen, a global asset manager specializing in fixed income and tax-advantaged strategies. The fund’s primary objective is to provide current income exempt from federal and Minnesota state personal income taxes by investing predominantly in municipal securities issued by entities located in or serving the state of Minnesota.

The fund’s portfolio is concentrated in investment-grade general obligation and revenue bonds that finance public projects such as schools, transportation infrastructure, and utilities throughout Minnesota.