Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Short Interest Update

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 20,900 shares, a drop of 27.2% from the November 30th total of 28,700 shares. Based on an average trading volume of 29,100 shares, the days-to-cover ratio is presently 0.7 days.

Nuveen Massachusetts Quality Municipal Income Fund Stock Down 1.3 %

Nuveen Massachusetts Quality Municipal Income Fund stock traded down $0.15 during trading on Friday, reaching $11.30. The stock had a trading volume of 51,290 shares, compared to its average volume of 21,493. Nuveen Massachusetts Quality Municipal Income Fund has a 52-week low of $10.36 and a 52-week high of $12.21. The business has a 50 day moving average price of $11.66 and a 200 day moving average price of $11.45.

Nuveen Massachusetts Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.071 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 79.5% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 6,340 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 2,808 shares during the last quarter. Private Advisor Group LLC acquired a new position in Nuveen Massachusetts Quality Municipal Income Fund during the third quarter worth approximately $130,000. PFG Investments LLC lifted its stake in 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 buying an additional 2,031 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the third quarter valued at approximately $396,000. 16.55% of the stock is currently owned by hedge funds and other institutional investors.

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.