Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) Short Interest Up 27.9% in February

Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 5,500 shares, a growth of 27.9% from the January 31st total of 4,300 shares. Based on an average daily volume of 6,300 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Nuveen Missouri Quality Municipal Income Fund

Hedge funds have recently made changes to their positions in the stock. Whitebox Advisors LLC raised its position in 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 purchasing an additional 2,887 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Nuveen Missouri Quality Municipal Income Fund during the 4th quarter valued at about $192,000. Smith Moore & CO. raised 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 buying an additional 2,071 shares in 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 worth $781,000 after buying an additional 50,916 shares during the last quarter. 14.77% of the stock is owned by institutional investors.

Nuveen Missouri Quality Municipal Income Fund Stock Up 1.2 %

Shares of NYSE NOM traded up $0.13 during midday trading on Wednesday, hitting $10.96. 9,531 shares of the company’s stock were exchanged, compared to its average volume of 7,919. The business’s fifty day moving average price is $11.47 and its two-hundred 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 given a dividend of $0.0675 per share. This represents a $0.81 annualized dividend and a dividend yield of 7.39%. The ex-dividend date is Friday, March 14th.

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.