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

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

Nuveen Missouri Quality Municipal Income Fund Stock Up 0.1 %

NYSE:NOM traded up $0.01 during trading hours on Wednesday, reaching $10.44. 8,849 shares of the company traded hands, compared to its average volume of 7,839. The business’s 50-day moving average price is $11.22 and its two-hundred day moving average price is $11.06. Nuveen Missouri Quality Municipal Income Fund has a 1 year low of $9.83 and a 1 year high of $12.25.

Nuveen Missouri Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.0675 dividend. This represents a $0.81 annualized dividend and a dividend yield of 7.76%. The ex-dividend date is Friday, March 14th.

Institutional Trading of Nuveen Missouri Quality Municipal Income Fund

Several institutional investors have recently bought and sold shares of NOM. Whitebox Advisors LLC raised its holdings in Nuveen Missouri Quality Municipal Income Fund by 24.4% in the third quarter. Whitebox Advisors LLC now owns 14,718 shares of the company’s stock worth $162,000 after buying an additional 2,887 shares during 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. raised its holdings in Nuveen Missouri Quality Municipal Income Fund by 9.7% in the 4th quarter. Smith Moore & CO. now owns 23,467 shares of the company’s stock worth $281,000 after acquiring an additional 2,071 shares during the last quarter. Finally, Cetera Investment Advisers lifted 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 acquiring an additional 50,916 shares in the last quarter. 14.77% of the stock is owned by hedge funds and other institutional investors.

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.