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

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

Institutional Investors Weigh In On Nuveen Minnesota Quality Municipal Income Fund

Institutional investors have recently made changes to their positions in the stock. Focus Financial Network Inc. acquired a new position in shares of Nuveen Minnesota Quality Municipal Income Fund in the 4th quarter valued at approximately $614,000. Gladstone Institutional Advisory LLC acquired a new stake in Nuveen Minnesota Quality Municipal Income Fund in the 4th quarter valued at $254,000. Raymond James Financial Inc. acquired a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund in the fourth quarter valued at about $254,000. Vermillion Wealth Management Inc. bought a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund during the 4th quarter worth approximately $209,000. Finally, Avantax Advisory Services Inc. bought a new stake in Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth $136,000.

Nuveen Minnesota Quality Municipal Income Fund Stock Down 0.5 %

NYSE NMS traded down $0.06 during trading hours on Friday, reaching $12.01. 15,938 shares of the company’s stock were exchanged, compared to its average volume of 15,029. Nuveen Minnesota Quality Municipal Income Fund has a one year low of $10.62 and a one year high of $13.76. The firm has a fifty day moving average of $12.35 and a 200-day moving average of $12.73.

Nuveen Minnesota Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0735 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.88 dividend on an annualized basis and a yield of 7.34%.

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.