Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) Short Interest Update

Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 4,300 shares, a drop of 61.6% from the January 15th total of 11,200 shares. Based on an average daily volume of 5,900 shares, the short-interest ratio is currently 0.7 days.

Nuveen Missouri Quality Municipal Income Fund Stock Up 1.2 %

Nuveen Missouri Quality Municipal Income Fund stock opened at $11.58 on Friday. The company has a 50 day moving average price of $11.54 and a 200 day moving average price of $11.01. Nuveen Missouri Quality Municipal Income Fund has a 52 week low of $9.83 and a 52 week high of $12.25.

Nuveen Missouri Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.0675 per share. This represents a $0.81 annualized dividend and a dividend yield of 7.00%. The ex-dividend date is Friday, February 14th.

Hedge Funds Weigh In On Nuveen Missouri Quality Municipal Income Fund

Several institutional investors and hedge funds have recently modified their holdings of NOM. Raymond James Financial Inc. purchased a new position in shares of Nuveen Missouri Quality Municipal Income Fund during the 4th quarter valued at $192,000. Whitebox Advisors LLC grew its holdings in shares of Nuveen Missouri Quality Municipal Income Fund by 24.4% during the 3rd 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. Finally, Smith Moore & CO. grew its holdings in shares of Nuveen Missouri Quality Municipal Income Fund by 9.7% during the 4th 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. 14.77% of the stock is currently 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.