Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Short Interest Down 19.8% in December

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 6,500 shares, a decrease of 19.8% from the December 15th total of 8,100 shares. Based on an average trading volume of 13,500 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Nuveen Minnesota Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in NMS. Commonwealth Equity Services LLC grew its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 11.2% during the second quarter. Commonwealth Equity Services LLC now owns 31,630 shares of the company’s stock worth $359,000 after buying an additional 3,195 shares during the last quarter. Logan Stone Capital LLC purchased a new stake in Nuveen Minnesota Quality Municipal Income Fund during the 2nd quarter valued at approximately $289,000. Finally, Redhawk Wealth Advisors Inc. lifted its position in Nuveen Minnesota Quality Municipal Income Fund by 18.2% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 18,256 shares of the company’s stock worth $225,000 after acquiring an additional 2,815 shares during the period.

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

Shares of NMS opened at $12.22 on Thursday. The company’s 50 day simple moving average is $12.86 and its 200-day simple moving average is $12.67. Nuveen Minnesota Quality Municipal Income Fund has a 12-month low of $10.62 and a 12-month high of $13.76.

Nuveen Minnesota Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.0735 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.88 dividend on an annualized basis and a yield of 7.22%.

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.