Nuveen Massachusetts Pre Income Mun Fd (NYSE:NMT) Sees Large Decline in Short Interest

Nuveen Massachusetts Pre Income Mun Fd (NYSE:NMT) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totalling 600 shares, a decrease of 40.0% from the February 27th total of 1,000 shares. Based on an average trading volume of 10,500 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Shares of NYSE NMT traded up $0.46 during mid-day trading on Thursday, reaching $13.93. The company’s stock had a trading volume of 25,400 shares, compared to its average volume of 17,381. The stock has a fifty day moving average of $13.77 and a two-hundred day moving average of $14.04. Nuveen Massachusetts Pre Income Mun Fd has a 52 week low of $11.25 and a 52 week high of $14.51.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $0.041 dividend. This represents a $0.49 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Thursday, March 12th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fiera Capital Corp boosted its stake in shares of Nuveen Massachusetts Pre Income Mun Fd by 2.6% in the fourth quarter. Fiera Capital Corp now owns 99,162 shares of the financial services provider’s stock worth $1,410,000 after acquiring an additional 2,557 shares during the period. Bank of America Corp DE boosted its stake in shares of Nuveen Massachusetts Pre Income Mun Fd by 55.4% in the fourth quarter. Bank of America Corp DE now owns 20,767 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 7,400 shares during the period. Haverford Trust Co. purchased a new stake in shares of Nuveen Massachusetts Pre Income Mun Fd in the fourth quarter worth about $391,000. Finally, Summit Trail Advisors LLC purchased a new stake in shares of Nuveen Massachusetts Pre Income Mun Fd in the fourth quarter worth about $508,000. 6.94% of the stock is owned by hedge funds and other institutional investors.

About Nuveen Massachusetts Pre Income Mun Fd

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.

Featured Article: Diversification in Investing

Receive News & Ratings for Nuveen Massachusetts Pre Income Mun Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Massachusetts Pre Income Mun Fd and related companies with MarketBeat.com's FREE daily email newsletter.