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 target of a significant 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.

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

Several large investors have recently made changes to their positions in the business. Karpus Management Inc. lifted its holdings in shares of Nuveen New York Quality Municipal Income Fund by 0.6% during the first quarter. Karpus Management Inc. now owns 957,236 shares of the financial services provider’s stock valued at $10,482,000 after purchasing an additional 6,177 shares during the last quarter. Robinson Capital Management LLC increased its position in shares of Nuveen New York Quality Municipal Income Fund by 13.9% during the first quarter. Robinson Capital Management LLC now owns 101,483 shares of the financial services provider’s stock valued at $1,082,000 after acquiring an additional 12,400 shares in the last quarter. Commonwealth Equity Services LLC increased its position 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 valued at $671,000 after acquiring an additional 4,446 shares in the last quarter. Horizon Kinetics Asset Management LLC increased its position 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 acquiring an additional 17,281 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of 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 valued at $415,000 after acquiring an additional 972 shares in the last quarter.

Nuveen New York Quality Municipal Income Fund Stock Performance

NAN traded up $0.09 on Thursday, hitting $11.69. The company 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 52-week low of $9.93 and a 52-week high of $11.93. The stock has a fifty day simple moving average of $11.63 and a 200-day simple moving average of $11.33.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.072 per share. The ex-dividend date is Friday, November 15th. This represents a $0.86 annualized dividend and a dividend yield of 7.39%.

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.