Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Short Interest Down 34.0% in April

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 6,087 shares, a decline of 34.0% from the April 15th total of 9,227 shares. Based on an average trading volume of 9,139 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Nuveen Minnesota Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NMS. Osaic Holdings Inc. increased its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 20.3% during the second quarter. Osaic Holdings Inc. now owns 12,797 shares of the company’s stock valued at $146,000 after buying an additional 2,157 shares during the period. Raymond James Financial Inc. increased its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 73.4% during the third quarter. Raymond James Financial Inc. now owns 33,077 shares of the company’s stock valued at $394,000 after buying an additional 14,000 shares during the period. Redhawk Wealth Advisors Inc. increased its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 45.9% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 27,945 shares of the company’s stock valued at $328,000 after buying an additional 8,790 shares during the period. Access Financial Services Inc. increased its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 32.4% during the fourth quarter. Access Financial Services Inc. now owns 30,797 shares of the company’s stock valued at $361,000 after buying an additional 7,537 shares during the period. Finally, LPL Financial LLC bought a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter valued at about $148,000.

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

Shares of Nuveen Minnesota Quality Municipal Income Fund stock opened at $12.14 on Wednesday. Nuveen Minnesota Quality Municipal Income Fund has a 52-week low of $11.07 and a 52-week high of $12.49. The stock’s 50-day simple moving average is $12.12 and its 200 day simple moving average is $12.01.

Nuveen Minnesota Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.0665 dividend. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Friday, May 15th.

About Nuveen Minnesota Quality Municipal Income Fund

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.