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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the target 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 volume of 91,300 shares, the days-to-cover ratio is currently 1.0 days.

Nuveen New York Quality Municipal Income Fund Trading Down 0.4 %

Nuveen New York Quality Municipal Income Fund stock traded down $0.05 during midday trading on Friday, reaching $11.57. The stock had a trading volume of 92,741 shares, compared to its average volume of 75,870. Nuveen New York Quality Municipal Income Fund has a twelve month low of $10.02 and a twelve month high of $11.93. The firm’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 Dividend Announcement

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

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

A number of institutional investors have recently bought and sold shares of the business. Opal Wealth Advisors LLC acquired a new position in shares of Nuveen New York Quality Municipal Income Fund in the 2nd quarter valued at about $123,000. PFG Investments LLC acquired a new position in Nuveen New York Quality Municipal Income Fund in the 3rd quarter valued at approximately $145,000. Stifel Financial Corp increased its stake in Nuveen New York Quality Municipal Income Fund by 18.8% in the 3rd quarter. Stifel Financial Corp now owns 12,462 shares of the financial services provider’s stock valued at $147,000 after buying an additional 1,975 shares during the period. OMNI 360 Wealth Inc. lifted its position in Nuveen New York Quality Municipal Income Fund by 12.6% in the 2nd quarter. OMNI 360 Wealth Inc. now owns 27,064 shares of the financial services provider’s stock worth $304,000 after buying an additional 3,028 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Nuveen New York Quality Municipal Income Fund by 2.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 37,872 shares of the financial services provider’s stock valued at $415,000 after buying an additional 972 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.