Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Short Interest Up 69.2% in August

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 6,820 shares, a growth of 69.2% from the August 15th total of 4,031 shares. Based on an average trading volume of 30,621 shares, the short-interest ratio is currently 0.2 days.

Nuveen Minnesota Quality Municipal Income Fund Trading Up 1.3%

Shares of Nuveen Minnesota Quality Municipal Income Fund stock opened at $10.46 on Friday. Nuveen Minnesota Quality Municipal Income Fund has a 52-week low of $10.31 and a 52-week high of $12.50. The company’s 50-day simple moving average is $11.34 and its 200-day simple moving average is $11.86.

Nuveen Minnesota Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.063 dividend. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Hedge Funds Weigh In On Nuveen Minnesota Quality Municipal Income Fund

A number of large investors have recently modified their holdings of the business. Cetera Investment Advisers lifted its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 118.1% in the 1st quarter. Cetera Investment Advisers now owns 44,534 shares of the company’s stock valued at $543,000 after buying an additional 24,119 shares during the period. Redhawk Wealth Advisors Inc. boosted its position 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 worth $414,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Artesa Financial Group LLC acquired a new position in shares of Nuveen Minnesota Quality Municipal Income Fund during the 4th quarter worth $142,000.

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.