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

Nuveen New York Quality Municipal Income Fund (NYSE:NANGet Rating) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 6,800 shares, a growth of 106.1% from the April 15th total of 3,300 shares. Based on an average trading volume of 67,700 shares, the days-to-cover ratio is presently 0.1 days.

A number of large investors have recently modified their holdings of the business. Claybrook Capital LLC bought a new stake in shares of Nuveen New York Quality Municipal Income Fund in the 3rd quarter valued at $7,155,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Nuveen New York Quality Municipal Income Fund by 8.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 418,248 shares of the financial services provider’s stock worth $5,257,000 after buying an additional 32,022 shares during the last quarter. Guggenheim Capital LLC lifted its stake in Nuveen New York Quality Municipal Income Fund by 11.8% in the 4th quarter. Guggenheim Capital LLC now owns 385,379 shares of the financial services provider’s stock valued at $5,700,000 after purchasing an additional 40,587 shares during the last quarter. Morgan Stanley lifted its stake in Nuveen New York Quality Municipal Income Fund by 15.9% in the 3rd quarter. Morgan Stanley now owns 209,770 shares of the financial services provider’s stock valued at $3,088,000 after purchasing an additional 28,801 shares during the last quarter. Finally, Fiera Capital Corp raised its holdings in Nuveen New York Quality Municipal Income Fund by 181.6% in the 1st quarter. Fiera Capital Corp now owns 198,853 shares of the financial services provider’s stock valued at $2,500,000 after acquiring an additional 128,240 shares during the period.

NYSE NAN traded down $0.09 on Friday, hitting $11.42. 56,227 shares of the company were exchanged, compared to its average volume of 63,657. Nuveen New York Quality Municipal Income Fund has a 1-year low of $11.39 and a 1-year high of $15.69. The firm has a 50 day moving average of $12.06 and a two-hundred day moving average of $13.36.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be paid a dividend of $0.0485 per share. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 5.10%.

About Nuveen New York Quality Municipal Income Fund (Get Rating)

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.

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