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

Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) saw a significant decline in short interest in the month of 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 trading volume, of 6,700 shares, the days-to-cover ratio is currently 0.7 days.

Nuveen Missouri Quality Municipal Income Fund Stock Performance

NOM traded up $0.01 on Wednesday, hitting $10.44. The company had a trading volume of 8,849 shares, compared to its average volume of 7,839. The stock has a fifty day simple moving average of $11.22 and a 200-day simple moving average of $11.06. 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 Announces Dividend

The company also recently announced 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. This represents a $0.81 dividend on an annualized basis and a dividend yield of 7.76%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On Nuveen Missouri Quality Municipal Income Fund

Hedge funds have recently made changes to their positions in the company. Whitebox Advisors LLC lifted 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 buying an additional 2,887 shares during the period. Raymond James Financial Inc. bought a new position in shares of Nuveen Missouri Quality Municipal Income Fund in the 4th quarter worth about $192,000. Smith Moore & CO. increased its stake in shares of 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 in the last quarter. Finally, Cetera Investment Advisers lifted its position in Nuveen Missouri Quality Municipal Income Fund by 357.2% during 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 during the period. 14.77% of the stock is currently owned by institutional investors.

Nuveen Missouri Quality Municipal Income Fund Company Profile

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.