Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) Sees Significant Growth 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 daily trading volume, of 6,300 shares, the short-interest ratio is presently 0.9 days.

Nuveen Missouri Quality Municipal Income Fund Trading Down 0.2 %

NOM traded down $0.02 on Thursday, reaching $10.95. 5,004 shares of the company traded hands, compared to its average volume of 7,931. The firm has a fifty day simple moving average of $11.46 and a two-hundred day simple moving average of $11.06. Nuveen Missouri Quality Municipal Income Fund has a one year low of $9.83 and a one year high of $12.25.

Nuveen Missouri Quality Municipal Income Fund Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, March 14th. This represents a $0.81 annualized dividend and a yield of 7.40%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Whitebox Advisors LLC grew its position in shares of 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 worth $162,000 after buying an additional 2,887 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Nuveen Missouri Quality Municipal Income Fund in the fourth quarter worth about $192,000. Smith Moore & CO. grew its holdings in 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 worth $281,000 after acquiring an additional 2,071 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in 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 worth $781,000 after acquiring an additional 50,916 shares in the last quarter. 14.77% of the stock is currently owned by hedge funds and other institutional investors.

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.