Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) Short Interest Update

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

Institutional Trading of Nuveen Missouri Quality Municipal Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Nuveen Missouri Quality Municipal Income Fund in the 4th quarter valued at $192,000. Smith Moore & CO. raised its position 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 valued at $281,000 after purchasing an additional 2,071 shares during the period. Finally, Cetera Investment Advisers lifted its stake 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 worth $781,000 after buying an additional 50,916 shares during the last quarter. Institutional investors own 14.77% of the company’s stock.

Nuveen Missouri Quality Municipal Income Fund Trading Down 1.5 %

Shares of NOM stock opened at $9.63 on Tuesday. The company has a fifty day moving average price of $10.56 and a two-hundred day moving average price of $10.94. Nuveen Missouri Quality Municipal Income Fund has a one year low of $9.63 and a one year high of $12.25.

Nuveen Missouri Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.0675 per share. This represents a $0.81 dividend on an annualized basis and a yield of 8.41%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.