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

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 15,600 shares, a decrease of 22.0% from the March 31st total of 20,000 shares. Based on an average daily volume of 16,000 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

A number of institutional investors have recently modified their holdings of the business. Twin Focus Capital Partners LLC increased its position in Nuveen Massachusetts Quality Municipal Income Fund by 26.0% during the fourth quarter. Twin Focus Capital Partners LLC now owns 19,901 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 4,103 shares during the period. Napa Wealth Management acquired a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the fourth quarter valued at approximately $236,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the first quarter valued at approximately $39,000. PFG Investments LLC acquired a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the first quarter worth approximately $160,000. Finally, Wolverine Asset Management LLC increased its stake in Nuveen Massachusetts Quality Municipal Income Fund by 23.4% during the 4th quarter. Wolverine Asset Management LLC now owns 50,632 shares of the financial services provider’s stock worth $532,000 after acquiring an additional 9,612 shares during the period. Institutional investors own 16.55% of the company’s stock.

Nuveen Massachusetts Quality Municipal Income Fund Price Performance

Shares of NYSE NMT traded down $0.01 during trading hours on Friday, reaching $10.44. 8,379 shares of the stock were exchanged, compared to its average volume of 11,646. The stock’s fifty day simple moving average is $10.69 and its 200 day simple moving average is $10.36. Nuveen Massachusetts Quality Municipal Income Fund has a 52 week low of $9.05 and a 52 week high of $10.95.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.0415 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Friday, April 12th.

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.