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 recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 89,500 shares, an increase of 206.5% from the August 15th total of 29,200 shares. Based on an average daily volume of 79,500 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Opal Wealth Advisors LLC purchased a new position in shares of Nuveen New York Quality Municipal Income Fund in the 2nd quarter worth $123,000. OMNI 360 Wealth Inc. purchased a new position in Nuveen New York Quality Municipal Income Fund in the fourth quarter worth about $264,000. Janney Montgomery Scott LLC increased its stake in Nuveen New York Quality Municipal Income Fund by 2.6% during the first quarter. Janney Montgomery Scott LLC now owns 37,872 shares of the financial services provider’s stock worth $415,000 after acquiring an additional 972 shares during the last quarter. Sanders Morris Harris LLC purchased a new stake in Nuveen New York Quality Municipal Income Fund during the first quarter valued at approximately $424,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Nuveen New York Quality Municipal Income Fund by 8.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 59,624 shares of the financial services provider’s stock valued at $671,000 after purchasing an additional 4,446 shares during the last quarter.

Nuveen New York Quality Municipal Income Fund Trading Up 0.2 %

Shares of NAN stock traded up $0.02 during trading hours on Thursday, hitting $11.65. The stock had a trading volume of 155,904 shares, compared to its average volume of 71,043. The stock’s 50-day moving average price is $11.43 and its two-hundred day moving average price is $11.09. Nuveen New York Quality Municipal Income Fund has a one year low of $9.11 and a one year high of $11.71.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.072 per share. The ex-dividend date is Friday, September 13th. This represents a $0.86 annualized dividend and a dividend yield of 7.42%.

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.