Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 4,031 shares, a decrease of 56.2% from the July 30th total of 9,194 shares. Based on an average daily trading volume, of 27,957 shares, the days-to-cover ratio is presently 0.1 days.
Nuveen Minnesota Quality Municipal Income Fund Stock Down 0.9%
Nuveen Minnesota Quality Municipal Income Fund stock traded down $0.10 during mid-day trading on Monday, hitting $10.85. 24,306 shares of the stock were exchanged, compared to its average volume of 16,597. Nuveen Minnesota Quality Municipal Income Fund has a 12 month low of $10.81 and a 12 month high of $12.50. The firm’s fifty day simple moving average is $11.79 and its two-hundred day simple moving average is $12.02.
Nuveen Minnesota Quality Municipal Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a $0.063 dividend. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a yield of 7.0%.
Institutional Trading of Nuveen Minnesota Quality Municipal Income Fund
Nuveen Minnesota Quality Municipal Income Fund Company Profile
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.
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