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

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the recipient of a significant drop in short interest during 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 currently 1.0 days.

Hedge Funds Weigh In On Nuveen Minnesota Quality Municipal Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund during the 3rd quarter worth approximately $199,000. Logan Stone Capital LLC purchased a new position in Nuveen Minnesota Quality Municipal Income Fund in the second quarter valued at about $289,000. Commonwealth Equity Services LLC grew its position 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 acquiring an additional 3,195 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Nuveen Minnesota Quality Municipal Income Fund in the second quarter worth $376,000.

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

Shares of NMS stock traded down $0.03 during mid-day trading on Friday, reaching $13.23. 6,123 shares of the stock traded hands, compared to its average volume of 14,069. The stock’s fifty day simple moving average is $13.11 and its two-hundred day simple moving average is $12.32. 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 Increases Dividend

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

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.