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

Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) was the target of 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 trading volume of 6,700 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Nuveen Missouri Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Whitebox Advisors LLC grew 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 period. Raymond James Financial Inc. bought a new position in Nuveen Missouri Quality Municipal Income Fund during the fourth quarter valued at about $192,000. Smith Moore & CO. grew its position 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 during the period. Finally, Cetera Investment Advisers grew its position in shares of 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. Hedge funds and other institutional investors own 14.77% of the company’s stock.

Nuveen Missouri Quality Municipal Income Fund Price Performance

NOM traded up $0.03 during mid-day trading on Thursday, reaching $10.45. 434 shares of the stock were exchanged, compared to its average volume of 5,558. Nuveen Missouri Quality Municipal Income Fund has a 1 year low of $9.83 and a 1 year high of $12.25. The company has a 50 day moving average price of $11.22 and a two-hundred day moving average price of $11.06.

Nuveen Missouri Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.0675 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.81 annualized dividend and a yield of 7.75%.

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.