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

by · The Cerbat Gem

Nuveen New York Quality Municipal Income Fund (NYSE:NAN – Get Free Report) was the recipient of a significant increase in short interest during 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 trading volume of 91,300 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

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

Nuveen New York Quality Municipal Income Fund Trading Down 0.4 %

Shares of NAN traded down $0.05 during mid-day trading on Friday, reaching $11.57. The company had a trading volume of 92,741 shares, compared to its average volume of 75,870. The company’s 50 day simple moving average is $11.64 and its 200 day simple moving average is $11.34. Nuveen New York Quality Municipal Income Fund has a 1-year low of $10.02 and a 1-year high of $11.93.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.072 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.86 dividend on an annualized basis and a yield of 7.47%.

About Nuveen New York Quality Municipal Income Fund

(Get Free Report)

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.

Further Reading