Short Interest in Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Grows By 42.9%

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 50,300 shares, a growth of 42.9% from the February 13th total of 35,200 shares. Based on an average daily volume of 23,100 shares, the short-interest ratio is currently 2.2 days.

Nuveen Massachusetts Quality Municipal Income Fund Trading Up 0.3 %

Nuveen Massachusetts Quality Municipal Income Fund stock traded up $0.04 during midday trading on Monday, hitting $11.77. The stock had a trading volume of 17,298 shares, compared to its average volume of 21,718. The firm’s fifty day moving average is $11.69 and its two-hundred day moving average is $11.63. Nuveen Massachusetts Quality Municipal Income Fund has a 52-week low of $10.41 and a 52-week high of $12.21.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.071 dividend. This represents a $0.85 annualized dividend and a yield of 7.24%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. grew its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 199.4% during the 4th quarter. ST Germain D J Co. Inc. now owns 2,982 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,986 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the 4th quarter valued at approximately $284,000. Finally, Wells Fargo & Company MN grew its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 266.9% during the 4th quarter. Wells Fargo & Company MN now owns 80,168 shares of the financial services provider’s stock valued at $922,000 after buying an additional 58,320 shares in the last quarter. 16.55% of the stock is owned by hedge funds and other institutional investors.

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.