Short Interest in Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Expands By 51.7%

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 95,400 shares, an increase 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 Stock Up 0.8 %

NAN traded up $0.09 during trading on Thursday, reaching $11.69. The stock had a trading volume of 91,957 shares, compared to its average volume of 75,794. Nuveen New York Quality Municipal Income Fund has a one year low of $9.93 and a one year high of $11.93. The business has a 50-day moving average of $11.63 and a 200-day moving average of $11.33.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid 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 yield of 7.39%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC grew its stake in shares of Nuveen New York Quality Municipal Income Fund by 82.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 38,119 shares of the financial services provider’s stock valued at $449,000 after buying an additional 17,281 shares during the last quarter. PFG Investments LLC purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund during the third quarter worth about $145,000. Commonwealth Equity Services LLC boosted its holdings in shares of 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 purchasing an additional 4,446 shares during the period. OMNI 360 Wealth Inc. boosted its holdings in shares of 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, Opal Wealth Advisors LLC purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund during the second quarter worth about $123,000.

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.