Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM) Short Interest Up 100.0% in April

Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM – Get Rating) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 400 shares, a growth of 100.0% from the April 15th total of 200 shares. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is currently 0.2 days.

Nuveen Missouri Quality Municipal Income Fund stock traded up $0.04 during midday trading on Friday, reaching $12.64. The stock had a trading volume of 1,125 shares, compared to its average volume of 1,877. The company has a fifty day moving average of $13.44 and a 200 day moving average of $14.15. Nuveen Missouri Quality Municipal Income Fund has a 52-week low of $12.50 and a 52-week high of $16.46.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be issued a $0.0415 dividend. The ex-dividend date is Thursday, May 12th. This represents a $0.50 annualized dividend and a dividend yield of 3.94%.

Hedge funds have recently modified their holdings of the company. Confluence Wealth Services Inc. purchased a new stake in Nuveen Missouri Quality Municipal Income Fund during the 4th quarter worth approximately $38,000. Wells Fargo & Company MN increased its stake in Nuveen Missouri Quality Municipal Income Fund by 114.4% during the 2nd quarter. Wells Fargo & Company MN now owns 4,499 shares of the company’s stock worth $70,000 after buying an additional 2,401 shares during the period. Wolverine Asset Management LLC purchased a new stake in Nuveen Missouri Quality Municipal Income Fund during the 4th quarter worth approximately $72,000. Susquehanna International Group LLP purchased a new stake in Nuveen Missouri Quality Municipal Income Fund during the 4th quarter worth approximately $216,000. Finally, Smith Moore & CO. increased its position in shares of Nuveen Missouri Quality Municipal Income Fund by 15.0% in the 1st quarter. Smith Moore & CO. now owns 17,180 shares of the company’s stock valued at $231,000 after purchasing an additional 2,246 shares during the last quarter. Hedge funds and other institutional investors own 7.02% of the company’s stock.

About Nuveen Missouri Quality Municipal Income Fund (Get Rating)

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.

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