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 during the month of 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 volume of 9,900 shares, the days-to-cover ratio is presently 0.6 days.

Nuveen Missouri Quality Municipal Income Fund Stock Down 0.6 %

Shares of NYSE:NOM opened at $10.61 on Friday. Nuveen Missouri Quality Municipal Income Fund has a 12 month low of $8.52 and a 12 month high of $11.70. The company has a 50-day moving average price of $10.81 and a 200 day moving average price of $10.45.

Nuveen Missouri Quality Municipal Income Fund Announces Dividend

The business 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 dividend of $0.0675 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.81 dividend on an annualized basis and a yield of 7.63%.

Hedge Funds Weigh In On Nuveen Missouri Quality Municipal Income Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC raised its stake in shares of Nuveen Missouri Quality Municipal Income Fund by 260.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 3,639 shares of the company’s stock valued at $38,000 after acquiring an additional 2,629 shares in the last quarter. Whitebox Advisors LLC bought a new stake in Nuveen Missouri Quality Municipal Income Fund during the 2nd quarter valued at $122,000. Alexander Labrunerie & CO. Inc. purchased a new stake in shares of Nuveen Missouri Quality Municipal Income Fund in the 1st quarter worth $176,000. Matisse Capital grew its position in shares of Nuveen Missouri Quality Municipal Income Fund by 28.9% during the 1st quarter. Matisse Capital now owns 34,880 shares of the company’s stock worth $354,000 after buying an additional 7,830 shares in the last quarter. Finally, Krilogy Financial LLC lifted its stake in Nuveen Missouri Quality Municipal Income Fund by 57.2% in the second quarter. Krilogy Financial LLC now owns 54,993 shares of the company’s stock worth $569,000 after acquiring an additional 20,000 shares during the period. 14.77% of the stock is currently owned by 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.