Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Short Interest Update

Key Points

• Nuveen Massachusetts Quality Municipal Income Fund saw a 41.7% decrease in short interest for September, totaling 28,400 shares compared to 48,700 shares at the end of August.
• The fund is set to pay a monthly dividend of $0.064 on November 3rd, with a dividend yield of 6.7% based on an annualized basis.
• Institutional investors currently own 16.55% of the company's stock, indicating growing interest from hedge funds in recent months.

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT - ) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 28,400 shares, a decrease of 41.7% from the August 31st total of 48,700 shares. Based on an average daily volume of 19,700 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 19,700 shares, the short-interest ratio is currently 1.4 days.

Nuveen Massachusetts Quality Municipal Income Fund Trading Down 0.3%

Shares of NYSE NMT traded down $0.04 during trading on Friday, reaching $11.53. The company had a trading volume of 22,909 shares, compared to its average volume of 16,913. The company's fifty day moving average price is $11.43 and its 200-day moving average price is $11.63. Nuveen Massachusetts Quality Municipal Income Fund has a 12 month low of $10.90 and a 12 month high of $12.33.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be paid a $0.064 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Wednesday, October 15th.

Hedge Funds Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Hedge funds have recently bought and sold shares of the company. Grove Bank & Trust bought a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the first quarter valued at $36,000. ST Germain D J Co. Inc. bought a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund during the 2nd quarter valued at about $47,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the second quarter worth approximately $120,000. Private Advisor Group LLC acquired a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the first quarter worth approximately $120,000. Finally, Moors & Cabot Inc. bought a new stake in Nuveen Massachusetts Quality Municipal Income Fund in the second quarter worth approximately $123,000. Institutional investors 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.

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