Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Short Interest Update

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 13,957 shares, a decrease of 61.3% from the August 31st total of 36,092 shares. Based on an average trading volume of 37,424 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Nuveen Massachusetts Quality Municipal Income Fund Trading Down 1.2%

NMT stock traded down $0.12 during midday trading on Monday, reaching $10.25. 62,706 shares of the company’s stock traded hands, compared to its average volume of 23,496. The business has a 50-day moving average price of $12.15 and a two-hundred day moving average price of $12.45. Nuveen Massachusetts Quality Municipal Income Fund has a fifty-two week low of $10.02 and a fifty-two week high of $13.69.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.0605 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 64.2% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,245 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 6,745 shares in the last quarter. Sax Wealth Advisors LLC lifted its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 93.5% in the second quarter. Sax Wealth Advisors LLC now owns 38,469 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 18,588 shares in the last quarter. Bank of America Corp DE lifted its position in Nuveen Massachusetts Quality Municipal Income Fund by 19.7% in the 1st quarter. Bank of America Corp DE now owns 212,058 shares of the financial services provider’s stock worth $2,610,000 after buying an additional 34,964 shares in the last quarter. Cetera Investment Advisers acquired a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 1st quarter worth about $138,000. Finally, SHP Wealth Management bought a new position in Nuveen Massachusetts Quality Municipal Income Fund during the fourth quarter valued at approximately $29,000. 16.55% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fund (NYSE: NMT) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax and Massachusetts state income tax. The fund invests primarily in municipal securities issued by or on behalf of the Commonwealth of Massachusetts and its political subdivisions, agencies and public authorities.

NMT’s portfolio may include general obligation bonds, revenue bonds and other tax-exempt municipal debt used to finance public infrastructure and services.