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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 201,200 shares, an increase of 29.9% from the May 15th total of 154,900 shares. Based on an average trading volume of 72,200 shares, the short-interest ratio is presently 2.8 days.

Nuveen New York Quality Municipal Income Fund Price Performance

NAN opened at $11.29 on Thursday. Nuveen New York Quality Municipal Income Fund has a 12 month low of $10.69 and a 12 month high of $11.93. The stock has a fifty day moving average price of $11.23 and a 200-day moving average price of $11.38.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.072 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.86 annualized dividend and a yield of 7.66%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Grove Bank & Trust purchased a new stake in Nuveen New York Quality Municipal Income Fund during the 1st quarter valued at about $34,000. Broyhill Asset Management purchased a new stake in Nuveen New York Quality Municipal Income Fund during the 4th quarter valued at about $114,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Nuveen New York Quality Municipal Income Fund during the 1st quarter valued at about $120,000. Opal Wealth Advisors LLC grew its stake in Nuveen New York Quality Municipal Income Fund by 13.5% during the 1st quarter. Opal Wealth Advisors LLC now owns 12,008 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 1,429 shares during the last quarter. Finally, Stephens Inc. AR purchased a new stake in Nuveen New York Quality Municipal Income Fund during the 4th quarter valued at about $162,000.

About Nuveen New York Quality Municipal Income Fund

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.