Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Short Interest Update

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 7,200 shares, a decline of 36.8% from the February 28th total of 11,400 shares. Based on an average trading volume of 15,600 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Nuveen Minnesota Quality Municipal Income Fund

Large investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 15.6% in the fourth quarter. Bank of America Corp DE now owns 17,981 shares of the company’s stock valued at $222,000 after buying an additional 2,428 shares during the period. Vermillion Wealth Management Inc. bought a new stake in Nuveen Minnesota Quality Municipal Income Fund in the 4th quarter valued at $209,000. Raymond James Financial Inc. bought a new stake in Nuveen Minnesota Quality Municipal Income Fund in the 4th quarter valued at $254,000. Commonwealth Equity Services LLC boosted its stake in Nuveen Minnesota Quality Municipal Income Fund by 12.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 36,542 shares of the company’s stock worth $451,000 after purchasing an additional 3,963 shares during the period. Finally, Avantax Advisory Services Inc. bought a new position in Nuveen Minnesota Quality Municipal Income Fund during the 4th quarter worth about $136,000.

Nuveen Minnesota Quality Municipal Income Fund Stock Down 0.5 %

NYSE:NMS traded down $0.06 on Friday, reaching $12.01. The company’s stock had a trading volume of 15,938 shares, compared to its average volume of 15,029. Nuveen Minnesota Quality Municipal Income Fund has a 1-year low of $10.62 and a 1-year high of $13.76. The business’s 50-day moving average price is $12.35 and its two-hundred day moving average price is $12.72.

Nuveen Minnesota Quality Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.0735 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.88 annualized dividend and a dividend yield of 7.34%.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

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.