Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) Sees Significant Increase in Short Interest

Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) saw a large growth in short interest in the month of 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 trading volume of 6,300 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Nuveen Missouri Quality Municipal Income Fund

Several institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its position in shares of Nuveen Missouri Quality Municipal Income Fund by 357.2% in the fourth 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. Raymond James Financial Inc. bought a new stake in shares of Nuveen Missouri Quality Municipal Income Fund in the fourth quarter worth about $192,000. Smith Moore & CO. grew its stake in shares of Nuveen Missouri Quality Municipal Income Fund by 9.7% in the fourth quarter. Smith Moore & CO. now owns 23,467 shares of the company’s stock worth $281,000 after purchasing an additional 2,071 shares during the last quarter. Finally, Whitebox Advisors LLC increased its holdings in 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 purchasing an additional 2,887 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

Nuveen Missouri Quality Municipal Income Fund stock traded up $0.13 during trading hours on Wednesday, reaching $10.96. The company had a trading volume of 9,531 shares, compared to its average volume of 7,919. Nuveen Missouri Quality Municipal Income Fund has a 12-month low of $9.83 and a 12-month high of $12.25. The company has a 50-day moving average price of $11.47 and a 200 day moving average price of $11.06.

Nuveen Missouri Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.0675 dividend. This represents a $0.81 annualized dividend and a dividend yield of 7.39%. The ex-dividend date is Friday, March 14th.

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.