Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Short Interest Up 153.4% in October

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 86,400 shares, an increase of 153.4% from the October 15th total of 34,100 shares. Based on an average daily volume of 28,600 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Investors Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Institutional investors have recently added to or reduced their stakes in the business. 1620 Investment Advisors Inc. acquired a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the second quarter worth $46,000. Blue Bell Private Wealth Management LLC raised its position in Nuveen Massachusetts Quality Municipal Income Fund by 79.5% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 6,340 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 2,808 shares during the last quarter. Private Advisor Group LLC acquired a new position in Nuveen Massachusetts Quality Municipal Income Fund during the 3rd quarter worth about $130,000. Eagle Bay Advisors LLC lifted its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 34.0% during the 1st quarter. Eagle Bay Advisors LLC now owns 13,403 shares of the financial services provider’s stock worth $147,000 after buying an additional 3,400 shares during the period. Finally, PFG Investments LLC lifted its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 13.9% during the 2nd quarter. PFG Investments LLC now owns 16,667 shares of the financial services provider’s stock worth $185,000 after buying an additional 2,031 shares during the period. 16.55% of the stock is owned by institutional investors.

Nuveen Massachusetts Quality Municipal Income Fund Stock Up 1.5 %

Shares of NMT traded up $0.17 during trading hours on Wednesday, reaching $11.75. The stock had a trading volume of 33,433 shares, compared to its average volume of 20,097. Nuveen Massachusetts Quality Municipal Income Fund has a 12 month low of $9.76 and a 12 month high of $12.21. The company’s 50-day moving average is $11.62 and its two-hundred day moving average is $11.23.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.071 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.85 dividend on an annualized basis and a yield of 7.25%.

About Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts 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 Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes.