Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Sees Large Decrease in Short Interest

Posted by Geri Gentry on Oct 14th, 2026

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 6,706 shares, a decline of 52.0% from the September 15th total of 13,957 shares. Based on an average daily volume of 56,975 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in Nuveen Massachusetts Quality Municipal Income Fund by 19.7% during the 1st quarter. Bank of America Corp DE now owns 212,058 shares of the financial services provider’s stock valued at $2,610,000 after acquiring an additional 34,964 shares in the last quarter. Sax Wealth Advisors LLC boosted its position in Nuveen Massachusetts Quality Municipal Income Fund by 58.6% during the 3rd quarter. Sax Wealth Advisors LLC now owns 61,018 shares of the financial services provider’s stock worth $634,000 after acquiring an additional 22,549 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of 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 worth $224,000 after purchasing an additional 6,745 shares in the last quarter. Breakwater Capital Group bought a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund in the third quarter worth $122,000. Finally, Cetera Investment Advisers acquired a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the first quarter valued at $138,000. 16.55% of the stock is owned by institutional investors.

Nuveen Massachusetts Quality Municipal Income Fund Price Performance

NYSE NMT traded down $0.14 during trading hours on Wednesday, hitting $10.09. The company had a trading volume of 58,596 shares, compared to its average volume of 25,036. Nuveen Massachusetts Quality Municipal Income Fund has a fifty-two week low of $10.02 and a fifty-two week high of $13.69. The business has a fifty day simple moving average of $11.61 and a 200-day simple moving average of $12.31.

Nuveen Massachusetts Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be paid a $0.0605 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.73 annualized dividend and a dividend yield of 7.2%.

About Nuveen Massachusetts Quality Municipal Income Fund

(Get Free Report)

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.