Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Sees Significant Increase in Short Interest

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 50,300 shares, a growth of 42.9% from the February 13th total of 35,200 shares. Based on an average trading volume of 23,100 shares, the short-interest ratio is currently 2.2 days.

Nuveen Massachusetts Quality Municipal Income Fund Price Performance

Shares of NMT opened at $11.77 on Tuesday. Nuveen Massachusetts Quality Municipal Income Fund has a 52-week low of $10.41 and a 52-week high of $12.21. The business’s 50 day moving average price is $11.69 and its two-hundred day moving average price is $11.64.

Nuveen Massachusetts Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.071 dividend. This represents a $0.85 annualized dividend and a yield of 7.24%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Institutional investors have recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. raised its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 199.4% during the fourth quarter. ST Germain D J Co. Inc. now owns 2,982 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,986 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the fourth quarter worth approximately $284,000. Finally, Wells Fargo & Company MN raised its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 266.9% during the fourth quarter. Wells Fargo & Company MN now owns 80,168 shares of the financial services provider’s stock worth $922,000 after purchasing an additional 58,320 shares during the period. 16.55% of the stock is owned by institutional investors and hedge funds.

Nuveen Massachusetts Quality Municipal Income Fund Company Profile

Nuveen Massachusetts 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 Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes.