Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Shares Shorted: Short Interest Down 52.0% in September

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 6,706 shares, a decrease of 52.0% from the September 15th total of 13,957 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 56,975 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Nuveen Massachusetts Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of NMT. Bank of America Corp DE grew its position in shares of 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 during the last quarter. Sax Wealth Advisors LLC lifted its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 58.6% in the 3rd quarter. Sax Wealth Advisors LLC now owns 61,018 shares of the financial services provider’s stock valued at $634,000 after buying an additional 22,549 shares during the period. Breakwater Capital Group purchased a new stake in Nuveen Massachusetts Quality Municipal Income Fund in the 3rd quarter worth approximately $122,000. Cetera Investment Advisers acquired a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the first quarter valued at $138,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 64.2% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,245 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 6,745 shares during the period. Institutional investors own 16.55% of the company’s stock.

Nuveen Massachusetts Quality Municipal Income Fund Price Performance

Shares of Nuveen Massachusetts Quality Municipal Income Fund stock traded up $0.07 on Thursday, reaching $10.13. The company had a trading volume of 30,647 shares, compared to its average volume of 25,064. Nuveen Massachusetts Quality Municipal Income Fund has a 1 year low of $10.02 and a 1 year high of $13.69. The firm’s 50-day moving average price is $11.56 and its two-hundred day moving average price is $12.29.

Nuveen Massachusetts Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.0605 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Thursday, October 15th.

About Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) is a closed-end investment company managed by Nuveen, an investment manager specializing in income-oriented strategies. The fund seeks to provide current income that is exempt from regular federal income tax and Massachusetts state personal income tax.

To pursue its objective, the fund invests primarily in municipal bonds and other tax-exempt securities issued by Massachusetts municipalities and related governmental entities.