Short Interest in Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) Expands By 22.2%

Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 6,600 shares, a growth of 22.2% from the March 15th total of 5,400 shares. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of Nuveen Missouri Quality Municipal Income Fund

Large investors have recently modified their holdings of the stock. 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 worth $781,000 after purchasing an additional 50,916 shares during the period. Smith Moore & CO. grew its stake in Nuveen Missouri Quality Municipal Income Fund by 9.7% during the fourth quarter. Smith Moore & CO. now owns 23,467 shares of the company’s stock worth $281,000 after buying an additional 2,071 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Nuveen Missouri Quality Municipal Income Fund in the 4th quarter valued at about $192,000. 14.77% of the stock is owned by institutional investors and hedge funds.

Nuveen Missouri Quality Municipal Income Fund Trading Down 1.5 %

NYSE NOM opened at $9.63 on Tuesday. The company has a 50 day moving average of $10.56 and a 200-day moving average of $10.94. Nuveen Missouri Quality Municipal Income Fund has a 1-year low of $9.63 and a 1-year 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 Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.0675 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.81 annualized dividend and a yield of 8.41%.

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.