Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) Sees Large Drop in Short Interest

Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 4,600 shares, a decline of 16.4% from the February 13th total of 5,500 shares. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Nuveen Missouri Quality Municipal Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers increased its position in Nuveen Missouri Quality Municipal Income Fund by 357.2% in the 4th quarter. Cetera Investment Advisers now owns 65,170 shares of the company’s stock valued at $781,000 after buying an additional 50,916 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Nuveen Missouri Quality Municipal Income Fund during the fourth quarter valued at approximately $192,000. Smith Moore & CO. increased its holdings in shares of Nuveen Missouri Quality Municipal Income Fund by 9.7% during the fourth quarter. Smith Moore & CO. now owns 23,467 shares of the company’s stock valued at $281,000 after acquiring an additional 2,071 shares in the last quarter. Finally, Whitebox Advisors LLC increased its holdings in shares of Nuveen Missouri Quality Municipal Income Fund by 24.4% during the third quarter. Whitebox Advisors LLC now owns 14,718 shares of the company’s stock valued at $162,000 after acquiring an additional 2,887 shares in the last quarter. 14.77% of the stock is owned by institutional investors.

Nuveen Missouri Quality Municipal Income Fund Trading Up 0.2 %

NOM stock traded up $0.03 during mid-day trading on Thursday, reaching $10.45. The company’s stock had a trading volume of 434 shares, compared to its average volume of 5,558. The business’s 50 day moving average price is $11.22 and its 200 day moving average price is $11.06. Nuveen Missouri Quality Municipal Income Fund has a 12 month low of $9.83 and a 12 month high of $12.25.

Nuveen Missouri Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.0675 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.81 annualized dividend and a dividend yield of 7.75%.

About Nuveen Missouri Quality Municipal Income Fund

Nuveen Missouri 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 Missouri. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal and Missouri income taxes.