Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Short Interest Up 74.4% in April

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMTGet Rating) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 7,500 shares, an increase of 74.4% from the March 31st total of 4,300 shares. Based on an average trading volume of 19,400 shares, the short-interest ratio is currently 0.4 days.

NMT stock opened at $11.68 on Friday. The business’s 50-day moving average price is $12.59 and its two-hundred day moving average price is $14.28. Nuveen Massachusetts Quality Municipal Income Fund has a 1-year low of $11.60 and a 1-year high of $16.00.

The company also recently declared a monthly dividend, which will be paid on Monday, May 2nd. Shareholders of record on Thursday, April 14th will be paid a $0.043 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Wednesday, April 13th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NMT. Royal Bank of Canada raised its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 470.7% in the 2nd quarter. Royal Bank of Canada now owns 8,487 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 7,000 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the 3rd quarter valued at about $222,000. Advisor Group Holdings Inc. raised its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 77.0% in the 3rd quarter. Advisor Group Holdings Inc. now owns 3,462 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,506 shares during the period. Eagle Bay Advisors LLC raised its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 100.0% in the 3rd quarter. Eagle Bay Advisors LLC now owns 1,932 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 966 shares during the period. Finally, Morgan Stanley raised its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 1.3% in the 3rd quarter. Morgan Stanley now owns 109,465 shares of the financial services provider’s stock valued at $1,684,000 after purchasing an additional 1,422 shares during the period. 7.81% of the stock is currently owned by hedge funds and other institutional investors.

About Nuveen Massachusetts Quality Municipal Income Fund (Get Rating)

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.

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