Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Short Interest Update

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 60,260 shares, an increase of 36.0% from the December 31st total of 44,296 shares. Based on an average daily trading volume, of 81,591 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 81,591 shares, the days-to-cover ratio is presently 0.7 days.

Nuveen New York Quality Municipal Income Fund Stock Performance

Shares of NYSE:NAN opened at $11.39 on Tuesday. Nuveen New York Quality Municipal Income Fund has a 52-week low of $10.69 and a 52-week high of $11.89. The business has a fifty day moving average of $11.37 and a two-hundred day moving average of $11.33.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be issued a $0.072 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

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

A number of institutional investors have recently bought and sold shares of NAN. J. L. Bainbridge & Co. Inc. purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund in the 3rd quarter valued at approximately $116,000. Kingsview Wealth Management LLC purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund during the 3rd quarter valued at approximately $154,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Nuveen New York Quality Municipal Income Fund by 41.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,930 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 4,361 shares during the last quarter. South Shore Capital Advisors purchased a new position in Nuveen New York Quality Municipal Income Fund in the fourth quarter worth approximately $195,000. Finally, Cresset Asset Management LLC purchased a new position in Nuveen New York Quality Municipal Income Fund in the second quarter worth approximately $251,000.

Nuveen New York Quality Municipal Income Fund Company Profile

The Nuveen New York Quality Municipal Income Fund (NYSE: NAN) is a closed-end management investment company that seeks to provide current income exempt from federal and New York State income taxes. The Fund invests principally in a portfolio of investment-grade municipal obligations issued by or on behalf of the State of New York and its political subdivisions. Through its focus on tax-exempt securities, NAN is designed to offer investors an attractive yield advantage relative to taxable alternatives in the New York market.

The Fund’s portfolio is comprised primarily of general obligation and revenue bonds issued by state and local governments, authorities, agencies and instrumentalities within New York.