Short Interest in Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) Decreases By 61.6%

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

Institutional Investors Weigh In On Nuveen Missouri Quality Municipal Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in NOM. Whitebox Advisors LLC raised its stake in Nuveen Missouri Quality Municipal Income Fund by 24.4% in the 3rd 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 during the last quarter. Raymond James Financial Inc. acquired a new position in Nuveen Missouri Quality Municipal Income Fund in the 4th quarter valued at about $192,000. Finally, Smith Moore & CO. raised its stake 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 valued at $281,000 after purchasing an additional 2,071 shares during the last quarter. 14.77% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Missouri Quality Municipal Income Fund Trading Up 1.2 %

Nuveen Missouri Quality Municipal Income Fund stock opened at $11.58 on Friday. Nuveen Missouri Quality Municipal Income Fund has a 52 week low of $9.83 and a 52 week high of $12.25. The firm’s 50-day simple moving average is $11.54 and its 200 day simple moving average is $11.01.

Nuveen Missouri Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.0675 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.81 annualized dividend and a dividend yield of 7.00%.

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.