Short Interest in Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Increases By 190.8%

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 37,800 shares, a growth of 190.8% from the March 31st total of 13,000 shares. Based on an average trading volume of 67,400 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

A number of large investors have recently made changes to their positions in NAN. Saba Capital Management L.P. increased its position in shares of Nuveen New York Quality Municipal Income Fund by 125.9% in the 3rd quarter. Saba Capital Management L.P. now owns 719,401 shares of the financial services provider’s stock valued at $6,957,000 after buying an additional 400,970 shares in the last quarter. AQR Arbitrage LLC increased its holdings in Nuveen New York Quality Municipal Income Fund by 70.0% during the 3rd quarter. AQR Arbitrage LLC now owns 223,157 shares of the financial services provider’s stock worth $2,158,000 after purchasing an additional 91,874 shares in the last quarter. Robinson Capital Management LLC bought a new position in Nuveen New York Quality Municipal Income Fund during the 3rd quarter worth about $636,000. Karpus Management Inc. increased its holdings in Nuveen New York Quality Municipal Income Fund by 6.1% during the 4th quarter. Karpus Management Inc. now owns 951,059 shares of the financial services provider’s stock worth $10,500,000 after purchasing an additional 54,746 shares in the last quarter. Finally, Sanders Morris Harris LLC bought a new position in Nuveen New York Quality Municipal Income Fund during the 1st quarter worth about $424,000.

Nuveen New York Quality Municipal Income Fund Stock Performance

Shares of NAN stock traded down $0.02 during trading hours on Friday, reaching $10.58. The company had a trading volume of 55,893 shares, compared to its average volume of 66,685. The company has a 50 day moving average of $10.87 and a 200 day moving average of $10.58. Nuveen New York Quality Municipal Income Fund has a 1-year low of $9.11 and a 1-year high of $11.18.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a $0.0485 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Friday, April 12th.

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.