Is MA Premium Municipal Fund (NYSE:NMT) a Buy? The Stock Reported Less Sellers

July 18, 2017 - By Stephen Andrade

 Is MA Premium Municipal Fund (NYSE:NMT) a Buy? The Stock Reported Less Sellers

The stock of MA Premium Municipal Fund (NYSE:NMT) registered a decrease of 33.33% in short interest. NMT’s total short interest was 800 shares in July as published by FINRA. Its down 33.33% from 1,200 shares, reported previously. With 11,400 shares average volume, it will take short sellers 0 days to cover their NMT’s short positions.

The stock decreased 0.14% or $0.02 on July 17, reaching $13.8. About shares traded. Nuveen Massachusetts Pre Income Mun Fd (NYSE:NMT) has declined 7.59% since July 18, 2016 and is downtrending. It has underperformed by 24.29% the S&P500.

Nuveen Massachusetts Quality Municipal Income Fund, formerly Nuveen Massachusetts Premium Income Municipal Fund, is a diversified, closed-end management investment company. The company has market cap of $128.53 million. The Fund seeks to provide current income exempt from both regular federal and designated state income taxes by investing primarily in a portfolio of municipal obligations issued by state and local government authorities within a single state or certain the United States territories. It currently has negative earnings. It seeks to provide attractive monthly tax-free income, portfolio diversification and attractive after tax total returns.

Another recent and important Nuveen Massachusetts Pre Income Mun Fd (NYSE:NMT) news was published by Cnbc.com which published an article titled: “Ranking America’s top 20 female portfolio managers” on December 06, 2016.

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