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

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

Hedge Funds Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund in the third quarter valued at $396,000. PFG Investments LLC boosted its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 13.9% in the second quarter. PFG Investments LLC now owns 16,667 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 2,031 shares during the period. Eagle Bay Advisors LLC boosted its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 34.0% in the first quarter. Eagle Bay Advisors LLC now owns 13,403 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 3,400 shares during the period. Private Advisor Group LLC bought a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the third quarter valued at about $130,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 79.5% in the second quarter. Blue Bell Private Wealth Management LLC now owns 6,340 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 2,808 shares during the period. 16.55% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Massachusetts Quality Municipal Income Fund Price Performance

Shares of NYSE NMT traded up $0.17 during midday trading on Wednesday, reaching $11.75. The company’s 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 fifty-two week low of $9.76 and a fifty-two week high of $12.21. The stock has a 50 day simple moving average of $11.62 and a 200-day simple moving average of $11.23.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.071 per share. 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.