Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Short Interest Update

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 37,800 shares, a growth of 190.8% from the March 31st total of 13,000 shares. Based on an average daily volume of 67,400 shares, the short-interest ratio is currently 0.6 days.

Nuveen New York Quality Municipal Income Fund Trading Down 0.5 %

Nuveen New York Quality Municipal Income Fund stock opened at $10.59 on Friday. The business’s 50-day simple moving average is $10.87 and its 200-day simple moving average is $10.57. Nuveen New York Quality Municipal Income Fund has a 52 week low of $9.11 and a 52 week high of $11.18.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a dividend of $0.0485 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.58 annualized dividend and a yield of 5.50%.

Hedge Funds Weigh In On Nuveen New York Quality Municipal Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Karpus Management Inc. increased its stake in Nuveen New York Quality Municipal Income Fund by 6.1% during the fourth quarter. Karpus Management Inc. now owns 951,059 shares of the financial services provider’s stock valued at $10,500,000 after acquiring an additional 54,746 shares during the period. Saba Capital Management L.P. increased its stake in Nuveen New York Quality Municipal Income Fund by 125.9% during the third quarter. Saba Capital Management L.P. now owns 719,401 shares of the financial services provider’s stock valued at $6,957,000 after acquiring an additional 400,970 shares during the period. AQR Arbitrage LLC increased its stake in Nuveen New York Quality Municipal Income Fund by 70.0% during the third quarter. AQR Arbitrage LLC now owns 223,157 shares of the financial services provider’s stock valued at $2,158,000 after acquiring an additional 91,874 shares during the period. HighTower Advisors LLC increased its stake in Nuveen New York Quality Municipal Income Fund by 3.5% during the third quarter. HighTower Advisors LLC now owns 223,092 shares of the financial services provider’s stock valued at $2,152,000 after acquiring an additional 7,627 shares during the period. Finally, Robinson Capital Management LLC increased its stake in Nuveen New York Quality Municipal Income Fund by 33.8% during the fourth quarter. Robinson Capital Management LLC now owns 89,083 shares of the financial services provider’s stock valued at $978,000 after acquiring an additional 22,500 shares during the period.

Nuveen New York Quality Municipal Income Fund Company Profile

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.