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

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) saw a significant drop in short interest in 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 short-interest ratio is presently 1.0 days.

Nuveen Minnesota Quality Municipal Income Fund Stock Down 0.2 %

NMS traded down $0.03 during trading on Friday, hitting $13.23. The company’s stock had a trading volume of 6,123 shares, compared to its average volume of 14,069. Nuveen Minnesota Quality Municipal Income Fund has a twelve month low of $10.62 and a twelve month high of $13.76. The business’s fifty day simple moving average is $13.11 and its 200 day simple moving average is $12.29.

Nuveen Minnesota Quality Municipal Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.0735 dividend. This is a positive change 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%. The ex-dividend date is Friday, November 15th.

Institutional Trading of Nuveen Minnesota Quality Municipal Income Fund

Institutional investors have recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund in the third quarter worth approximately $199,000. Logan Stone Capital LLC acquired a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund in the second quarter worth approximately $289,000. Commonwealth Equity Services LLC boosted its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 11.2% in the second quarter. Commonwealth Equity Services LLC now owns 31,630 shares of the company’s stock worth $359,000 after acquiring an additional 3,195 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund in the second quarter worth approximately $376,000.

About Nuveen Minnesota Quality Municipal Income Fund

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.