Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 22,200 shares, a growth of 469.2% from the March 15th total of 3,900 shares. Based on an average trading volume of 57,200 shares, the short-interest ratio is presently 0.4 days.
Nuveen Massachusetts Quality Municipal Income Fund Trading Down 0.7 %
Shares of Nuveen Massachusetts Quality Municipal Income Fund stock traded down $0.08 during trading on Wednesday, reaching $10.60. The company's stock had a trading volume of 7,834 shares, compared to its average volume of 16,719. The business's fifty day moving average price is $10.71 and its 200-day moving average price is $10.27. Nuveen Massachusetts Quality Municipal Income Fund has a one year low of $9.05 and a one year high of $10.95.
Nuveen Massachusetts Quality Municipal Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.0415 per share. The ex-dividend date is Friday, April 12th. This represents a $0.50 annualized dividend and a dividend yield of 4.70%.
Institutional Investors Weigh In On Nuveen Massachusetts Quality Municipal Income Fund
Institutional investors have recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund during the 2nd quarter valued at about $30,000. Advisor Group Holdings Inc. boosted its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 403.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 3,400 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 2,725 shares in the last quarter. Virtu Financial LLC acquired a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the fourth quarter valued at approximately $122,000. Herold Advisors Inc. bought a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the 4th quarter valued at approximately $122,000. Finally, Advisory Services Network LLC bought a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the 1st quarter worth approximately $151,000. 16.55% of the stock is owned by institutional investors and hedge funds.
Nuveen Massachusetts Quality Municipal Income Fund Company Profile
(
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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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