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

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT - Get Free Report) saw a large decline in short interest in May. As of May 15th, there was short interest totalling 50,800 shares, a decline of 24.1% from the April 30th total of 66,900 shares. Based on an average trading volume of 18,800 shares, the short-interest ratio is currently 2.7 days. Approximately 0.5% of the company's stock are sold short.

Nuveen Massachusetts Quality Municipal Income Fund Trading Up 0.4%

NYSE NMT traded up $0.05 on Thursday, hitting $12.02. 15,395 shares of the stock were exchanged, compared to its average volume of 23,243. The company has a 50-day moving average price of $11.75 and a 200-day moving average price of $11.69. Nuveen Massachusetts Quality Municipal Income Fund has a fifty-two week low of $10.83 and a fifty-two week high of $12.33.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.071 per share. This represents a $0.85 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend is Friday, June 13th.

Institutional Investors Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Several hedge funds have recently made changes to their positions in the business. Grove Bank & Trust acquired a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the 1st quarter worth $36,000. Private Advisor Group LLC acquired a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the first quarter worth $120,000. Brookwood Investment Group LLC acquired a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the 1st quarter valued at $189,000. PFG Investments LLC grew its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 13.5% during the first quarter. PFG Investments LLC now owns 18,263 shares of the financial services provider's stock valued at $216,000 after acquiring an additional 2,175 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund during the fourth quarter valued at about $284,000. Institutional investors and hedge funds own 16.55% of the company's stock.

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.