Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Stock Short Interest Report for September

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 13,436 shares, a decrease of 42.8% from the September 15th total of 23,510 shares. Based on an average trading volume of 40,127 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen Minnesota Quality Municipal Income Fund Price Performance

Nuveen Minnesota Quality Municipal Income Fund stock traded up $0.16 during trading hours on Friday, reaching $10.24. The stock had a trading volume of 64,568 shares, compared to its average volume of 20,405. The company has a fifty day simple moving average of $10.50 and a 200-day simple moving average of $11.56. Nuveen Minnesota Quality Municipal Income Fund has a 52 week low of $9.48 and a 52 week high of $12.50.

Nuveen Minnesota Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a $0.0630 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.76 dividend on an annualized basis and a yield of 7.4%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Focus Financial Network Inc. raised its stake in Nuveen Minnesota Quality Municipal Income Fund by 32.3% during the third quarter. Focus Financial Network Inc. now owns 115,269 shares of the company’s stock valued at $1,130,000 after buying an additional 28,156 shares during the last quarter. Cetera Investment Advisers lifted its stake in Nuveen Minnesota Quality Municipal Income Fund by 118.1% during the 1st quarter. Cetera Investment Advisers now owns 44,534 shares of the company’s stock valued at $543,000 after acquiring an additional 24,119 shares during the period. Finally, Redhawk Wealth Advisors Inc. boosted its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 4.4% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 34,224 shares of the company’s stock valued at $414,000 after acquiring an additional 1,444 shares during the last quarter.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment fund managed by Nuveen, an investment management firm. The fund seeks to provide current income that is exempt from regular federal income tax and Minnesota state income tax by investing primarily in municipal securities.

The fund’s portfolio generally consists of investment-grade municipal bonds issued by the state of Minnesota and its municipalities, authorities, and other governmental entities. These securities may help finance public infrastructure and services such as education, transportation, utilities, health care, and housing.