Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) Short Interest Down 16.4% in February

Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 4,600 shares, a decrease 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 presently 0.7 days.

Nuveen Missouri Quality Municipal Income Fund Stock Performance

Shares of NYSE:NOM traded down $0.04 during trading on Tuesday, hitting $10.45. 1,364 shares of the company’s stock were exchanged, compared to its average volume of 7,793. The business’s 50-day simple moving average is $11.28 and its 200 day simple moving average is $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 Dividend Announcement

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

Institutional Trading of Nuveen Missouri Quality Municipal Income Fund

Hedge funds have recently modified their holdings of the company. Smith Moore & CO. boosted 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 during the period. Whitebox Advisors LLC grew 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 last quarter. Raymond James Financial Inc. purchased a new stake in shares of Nuveen Missouri Quality Municipal Income Fund in the fourth quarter worth approximately $192,000. Finally, Cetera Investment Advisers lifted its position in shares of Nuveen Missouri Quality Municipal Income Fund by 357.2% during 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 last quarter. 14.77% of the stock is owned by hedge funds and other institutional investors.

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.