Short Interest in Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Drops By 24.0%

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 11,400 shares, a drop of 24.0% from the February 13th total of 15,000 shares. Based on an average daily volume of 15,200 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Nuveen Minnesota Quality Municipal Income Fund

Hedge funds have recently made changes to their positions in the company. Avantax Advisory Services Inc. purchased a new position in shares of Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth about $136,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth about $209,000. Bank of America Corp DE boosted its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 15.6% during the fourth quarter. Bank of America Corp DE now owns 17,981 shares of the company’s stock worth $222,000 after buying an additional 2,428 shares during the period. Redhawk Wealth Advisors Inc. boosted its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 18.2% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 18,256 shares of the company’s stock worth $225,000 after buying an additional 2,815 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth about $254,000.

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

Shares of NMS stock traded down $0.06 during mid-day trading on Tuesday, hitting $12.13. 17,317 shares of the stock were exchanged, compared to its average volume of 15,071. The stock’s fifty day simple moving average is $12.36 and its two-hundred day simple moving average is $12.77. 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 company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.0735 per share. This represents a $0.88 annualized dividend and a dividend yield of 7.27%. The ex-dividend date is Friday, March 14th.

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.