Short Interest in Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Grows By 64.7%

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 34,100 shares, an increase of 64.7% from the September 30th total of 20,700 shares. Based on an average daily volume of 29,500 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of Nuveen Massachusetts Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in NMT. 1620 Investment Advisors Inc. bought a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 2nd quarter valued at approximately $46,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 79.5% during the second quarter. Blue Bell Private Wealth Management LLC now owns 6,340 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 2,808 shares during the period. Private Advisor Group LLC bought a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the third quarter worth $130,000. Eagle Bay Advisors LLC increased its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 34.0% in the first quarter. Eagle Bay Advisors LLC now owns 13,403 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 3,400 shares during the period. Finally, PFG Investments LLC raised its position in Nuveen Massachusetts Quality Municipal Income Fund by 13.9% during the 2nd quarter. PFG Investments LLC now owns 16,667 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 2,031 shares during the last quarter. 16.55% of the stock is currently owned by institutional investors.

Nuveen Massachusetts Quality Municipal Income Fund Stock Down 0.2 %

Shares of Nuveen Massachusetts Quality Municipal Income Fund stock opened at $11.58 on Friday. The firm’s 50 day moving average is $11.53 and its 200 day moving average is $11.13. Nuveen Massachusetts Quality Municipal Income Fund has a 1 year low of $9.05 and a 1 year high of $11.83.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.071 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.85 annualized dividend and a yield of 7.36%.

About Nuveen Massachusetts Quality Municipal Income Fund

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.