Short Interest in Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Declines By 56.2%

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 4,031 shares, a drop of 56.2% from the July 30th total of 9,194 shares. Based on an average daily volume of 27,957 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Nuveen Minnesota Quality Municipal Income Fund

Several hedge funds have recently modified their holdings of NMS. Virtu Financial LLC purchased a new position in Nuveen Minnesota Quality Municipal Income Fund in the 4th quarter worth $133,000. Mariner LLC purchased a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund in the 4th quarter valued at approximately $140,000. Artesa Financial Group LLC purchased a new stake in Nuveen Minnesota Quality Municipal Income Fund in the fourth quarter valued at approximately $142,000. LPL Financial LLC acquired a new stake in Nuveen Minnesota Quality Municipal Income Fund during the 4th quarter worth approximately $148,000. Finally, Osaic Holdings Inc. grew its holdings in Nuveen Minnesota Quality Municipal Income Fund by 20.3% during the 2nd quarter. Osaic Holdings Inc. now owns 12,797 shares of the company’s stock worth $146,000 after acquiring an additional 2,157 shares in the last quarter.

Nuveen Minnesota Quality Municipal Income Fund Stock Down 0.3%

Nuveen Minnesota Quality Municipal Income Fund stock traded down $0.03 during mid-day trading on Friday, reaching $10.94. 33,273 shares of the stock traded hands, compared to its average volume of 16,552. The business’s 50-day moving average is $11.79 and its 200-day moving average is $12.02. Nuveen Minnesota Quality Municipal Income Fund has a 12-month low of $10.90 and a 12-month high of $12.50.

Nuveen Minnesota Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a $0.063 dividend. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a yield of 6.9%.

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.