Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Short Interest Down 34.0% in April

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 6,087 shares, a decline of 34.0% from the April 15th total of 9,227 shares. Based on an average trading volume of 9,139 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Nuveen Minnesota Quality Municipal Income Fund

A number of large investors have recently bought and sold shares of the business. Cetera Investment Advisers raised its stake in Nuveen Minnesota Quality Municipal Income Fund by 118.1% in the first quarter. Cetera Investment Advisers now owns 44,534 shares of the company’s stock worth $543,000 after buying an additional 24,119 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth $133,000. Mariner LLC acquired a new position in shares of Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth $140,000. Wells Fargo & Company MN increased its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 20.4% during the fourth quarter. Wells Fargo & Company MN now owns 15,896 shares of the company’s stock worth $186,000 after purchasing an additional 2,689 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 2.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 62,752 shares of the company’s stock worth $735,000 after purchasing an additional 1,400 shares in the last quarter.

Nuveen Minnesota Quality Municipal Income Fund Stock Up 0.1%

Nuveen Minnesota Quality Municipal Income Fund stock opened at $12.07 on Monday. The company has a 50 day moving average price of $12.12 and a 200-day moving average price of $12.01. Nuveen Minnesota Quality Municipal Income Fund has a fifty-two week low of $11.07 and a fifty-two week high of $12.49.

Nuveen Minnesota Quality Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.0665 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 6.6%.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment company managed by Nuveen, a global asset manager specializing in fixed income and tax-advantaged strategies. The fund’s primary objective is to provide current income exempt from federal and Minnesota state personal income taxes by investing predominantly in municipal securities issued by entities located in or serving the state of Minnesota.

The fund’s portfolio is concentrated in investment-grade general obligation and revenue bonds that finance public projects such as schools, transportation infrastructure, and utilities throughout Minnesota.