Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Sees Large Drop in Short Interest

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 23,529 shares, a decrease of 41.1% from the May 14th total of 39,930 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,318 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of Nuveen Massachusetts Quality Municipal Income Fund

Institutional investors have recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the fourth quarter valued at $25,000. SHP Wealth Management acquired a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the fourth quarter valued at $29,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund during the fourth quarter valued at $107,000. Wolverine Asset Management LLC purchased a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund during the fourth quarter valued at $131,000. Finally, Kovack Advisors Inc. purchased a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund during the fourth quarter valued at $132,000. Institutional investors and hedge funds own 16.55% of the company’s stock.

Nuveen Massachusetts Quality Municipal Income Fund Trading Down 1.0%

Shares of Nuveen Massachusetts Quality Municipal Income Fund stock traded down $0.13 during trading on Monday, hitting $12.85. The stock had a trading volume of 13,768 shares, compared to its average volume of 18,274. The business has a fifty day moving average of $12.72 and a two-hundred day moving average of $12.05. Nuveen Massachusetts Quality Municipal Income Fund has a fifty-two week low of $11.11 and a fifty-two week high of $13.69.

Nuveen Massachusetts Quality Municipal Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.0605 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 5.7%.

About Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) is a closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from regular U.S. federal income tax. The fund primarily invests in investment-grade municipal securities, with an emphasis on bonds issued by state and local governments and agencies in Massachusetts. Its portfolio includes general obligation bonds, revenue bonds, and other municipal debt instruments that meet the fund’s credit quality standards.

As part of the Nuveen family of investment products, the fund is managed by Nuveen’s municipal fixed income team.