Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Short Interest Down 24.0% in February

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 11,400 shares, a decrease of 24.0% from the February 13th total of 15,000 shares. Based on an average trading volume of 15,200 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Nuveen Minnesota Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of NMS. Focus Financial Network Inc. acquired a new position in shares of Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter valued at about $614,000. Commonwealth Equity Services LLC increased its position in Nuveen Minnesota Quality Municipal Income Fund by 12.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 36,542 shares of the company’s stock valued at $451,000 after buying an additional 3,963 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new position in Nuveen Minnesota Quality Municipal Income Fund during the 4th quarter worth approximately $254,000. Raymond James Financial Inc. bought a new position in Nuveen Minnesota Quality Municipal Income Fund in the fourth quarter worth approximately $254,000. Finally, Redhawk Wealth Advisors Inc. grew its stake in Nuveen Minnesota Quality Municipal Income Fund by 18.2% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 18,256 shares of the company’s stock valued at $225,000 after acquiring an additional 2,815 shares during the period.

Nuveen Minnesota Quality Municipal Income Fund Stock Down 0.5 %

Nuveen Minnesota Quality Municipal Income Fund stock opened at $12.13 on Wednesday. The stock’s 50 day moving average is $12.36 and its 200 day moving average is $12.77. Nuveen Minnesota Quality Municipal Income Fund has a one year low of $10.62 and a one year high of $13.76.

Nuveen Minnesota Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors 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 annualized dividend and a dividend yield of 7.27%.

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.