Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Sees Significant Drop in Short Interest

Posted by Defense World Staff on Jan 18th, 2025

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS – Get Free Report) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 6,500 shares, a drop of 19.8% from the December 15th total of 8,100 shares. Based on an average daily volume of 13,500 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. acquired a new position in shares of Nuveen Minnesota Quality Municipal Income Fund during the third quarter valued at $199,000. Logan Stone Capital LLC bought a new position in Nuveen Minnesota Quality Municipal Income Fund in the 2nd quarter valued at about $289,000. Finally, Commonwealth Equity Services LLC increased its stake in Nuveen Minnesota Quality Municipal Income Fund by 11.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 31,630 shares of the company’s stock valued at $359,000 after buying an additional 3,195 shares during the period.

Nuveen Minnesota Quality Municipal Income Fund Stock Up 0.0 %

NMS opened at $12.23 on Friday. The business’s 50 day moving average is $12.81 and its 200-day moving average is $12.67. Nuveen Minnesota Quality Municipal Income Fund has a twelve month low of $10.62 and a twelve month high of $13.76.

Nuveen Minnesota Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.0735 per share. This represents a $0.88 annualized dividend and a yield of 7.21%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

(Get Free Report)

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.