Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) Sees Large Decrease in Short Interest

Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 5,600 shares, a drop of 60.3% from the September 30th total of 14,100 shares. Based on an average daily trading volume, of 9,900 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Nuveen Missouri Quality Municipal Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of NOM. Blue Bell Private Wealth Management LLC grew its position in shares of Nuveen Missouri Quality Municipal Income Fund by 260.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 3,639 shares of the company’s stock worth $38,000 after acquiring an additional 2,629 shares in the last quarter. Matisse Capital lifted its stake in Nuveen Missouri Quality Municipal Income Fund by 28.9% during the first quarter. Matisse Capital now owns 34,880 shares of the company’s stock worth $354,000 after purchasing an additional 7,830 shares during the last quarter. Whitebox Advisors LLC acquired a new position in Nuveen Missouri Quality Municipal Income Fund in the second quarter worth $122,000. Alexander Labrunerie & CO. Inc. bought a new stake in Nuveen Missouri Quality Municipal Income Fund during the first quarter valued at $176,000. Finally, Krilogy Financial LLC increased its stake in Nuveen Missouri Quality Municipal Income Fund by 57.2% during the second quarter. Krilogy Financial LLC now owns 54,993 shares of the company’s stock valued at $569,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 14.77% of the company’s stock.

Nuveen Missouri Quality Municipal Income Fund Price Performance

NOM stock traded up $0.01 during mid-day trading on Friday, hitting $10.62. 2,458 shares of the company were exchanged, compared to its average volume of 8,113. The firm has a fifty day simple moving average of $10.81 and a 200 day simple moving average of $10.45. Nuveen Missouri Quality Municipal Income Fund has a twelve month low of $8.52 and a twelve month high of $11.70.

Nuveen Missouri Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.0675 dividend. This represents a $0.81 annualized dividend and a yield of 7.63%. The ex-dividend date of this dividend is Tuesday, October 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.