Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Sees Significant Increase in Short Interest

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 95,400 shares, a growth of 51.7% from the October 15th total of 62,900 shares. Based on an average daily trading volume, of 91,300 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Nuveen New York Quality Municipal Income Fund

Several institutional investors have recently made changes to their positions in NAN. Janney Montgomery Scott LLC raised its holdings in Nuveen New York Quality Municipal Income Fund by 2.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 37,872 shares of the financial services provider’s stock valued at $415,000 after acquiring an additional 972 shares in the last quarter. Stifel Financial Corp raised its stake in Nuveen New York Quality Municipal Income Fund by 18.8% in the third quarter. Stifel Financial Corp now owns 12,462 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 1,975 shares in the last quarter. HighTower Advisors LLC raised its stake in Nuveen New York Quality Municipal Income Fund by 1.1% in the third quarter. HighTower Advisors LLC now owns 193,671 shares of the financial services provider’s stock valued at $2,283,000 after purchasing an additional 2,124 shares in the last quarter. OMNI 360 Wealth Inc. lifted its position in Nuveen New York Quality Municipal Income Fund by 12.6% during the second quarter. OMNI 360 Wealth Inc. now owns 27,064 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 3,028 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in Nuveen New York Quality Municipal Income Fund by 8.1% during the second quarter. Commonwealth Equity Services LLC now owns 59,624 shares of the financial services provider’s stock worth $671,000 after buying an additional 4,446 shares in the last quarter.

Nuveen New York Quality Municipal Income Fund Price Performance

NYSE:NAN traded down $0.05 during mid-day trading on Friday, reaching $11.57. 92,741 shares of the company’s stock were exchanged, compared to its average volume of 75,870. Nuveen New York Quality Municipal Income Fund has a one year low of $10.02 and a one year high of $11.93. The business’s fifty day simple moving average is $11.64 and its two-hundred day simple moving average is $11.34.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.072 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.47%.

About Nuveen New York Quality Municipal Income Fund

Nuveen New York 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 New York. The fund invests in municipal bonds, with a rating of Baa or higher.