Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT - Get Free Report) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 15,600 shares, a decline of 22.0% from the March 31st total of 20,000 shares. Based on an average daily volume of 16,000 shares, the days-to-cover ratio is currently 1.0 days.
Hedge Funds Weigh In On Nuveen Massachusetts Quality Municipal Income Fund
Several hedge funds and other institutional investors have recently bought and sold shares of NMT. Saba Capital Management L.P. lifted its position in Nuveen Massachusetts Quality Municipal Income Fund by 43.9% during the 3rd quarter. Saba Capital Management L.P. now owns 192,502 shares of the financial services provider's stock worth $1,825,000 after acquiring an additional 58,770 shares in the last quarter. Melfa Wealth Management LLC lifted its position in Nuveen Massachusetts Quality Municipal Income Fund by 8.6% during the 4th quarter. Melfa Wealth Management LLC now owns 50,105 shares of the financial services provider's stock worth $527,000 after acquiring an additional 3,965 shares in the last quarter. Wolverine Asset Management LLC lifted its position in Nuveen Massachusetts Quality Municipal Income Fund by 23.4% during the 4th quarter. Wolverine Asset Management LLC now owns 50,632 shares of the financial services provider's stock worth $532,000 after acquiring an additional 9,612 shares in the last quarter. Herold Advisors Inc. acquired a new position in Nuveen Massachusetts Quality Municipal Income Fund during the 4th quarter worth approximately $122,000. Finally, Napa Wealth Management acquired a new position in Nuveen Massachusetts Quality Municipal Income Fund during the 4th quarter worth approximately $236,000. 16.55% of the stock is owned by institutional investors and hedge funds.
Nuveen Massachusetts Quality Municipal Income Fund Stock Down 0.1 %
Shares of NYSE:NMT traded down $0.01 during trading on Friday, reaching $10.44. 8,379 shares of the stock were exchanged, compared to its average volume of 11,646. Nuveen Massachusetts Quality Municipal Income Fund has a 12-month low of $9.05 and a 12-month high of $10.95. The firm's 50-day moving average price is $10.69 and its 200 day moving average price is $10.36.
Nuveen Massachusetts Quality Municipal Income Fund Announces Dividend
The company also recently announced 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. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Friday, April 12th.
About Nuveen Massachusetts Quality Municipal Income Fund
(
Get Free Report)
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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