Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS – Get Free Report) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 6,087 shares, a drop of 34.0% from the April 15th total of 9,227 shares. Based on an average daily volume of 9,139 shares, the short-interest ratio is presently 0.7 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in NMS. Osaic Holdings Inc. grew its position in Nuveen Minnesota Quality Municipal Income Fund by 20.3% in the second quarter. Osaic Holdings Inc. now owns 12,797 shares of the company’s stock worth $146,000 after acquiring an additional 2,157 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 73.4% during the third quarter. Raymond James Financial Inc. now owns 33,077 shares of the company’s stock valued at $394,000 after buying an additional 14,000 shares during the period. Redhawk Wealth Advisors Inc. boosted its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 45.9% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 27,945 shares of the company’s stock valued at $328,000 after buying an additional 8,790 shares during the period. Access Financial Services Inc. boosted its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 32.4% during the fourth quarter. Access Financial Services Inc. now owns 30,797 shares of the company’s stock valued at $361,000 after buying an additional 7,537 shares during the period. Finally, LPL Financial LLC purchased a new position in shares of Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter valued at approximately $148,000.
Nuveen Minnesota Quality Municipal Income Fund Trading Up 0.1%
NMS opened at $12.07 on Monday. Nuveen Minnesota Quality Municipal Income Fund has a 12 month low of $11.07 and a 12 month high of $12.49. The stock has a 50-day moving average of $12.12 and a 200 day moving average of $12.01.
Nuveen Minnesota Quality Municipal Income Fund Announces Dividend
About Nuveen Minnesota Quality Municipal Income Fund
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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