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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 94,932 shares, an increase of 57.5% from the January 15th total of 60,260 shares. Based on an average trading volume of 94,655 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 94,655 shares, the short-interest ratio is presently 1.0 days.

Nuveen New York Quality Municipal Income Fund Stock Down 0.5%

Shares of NAN traded down $0.06 during mid-day trading on Friday, hitting $11.54. The company’s stock had a trading volume of 36,801 shares, compared to its average volume of 88,713. Nuveen New York Quality Municipal Income Fund has a 1-year low of $10.69 and a 1-year high of $11.89. The firm has a 50-day simple moving average of $11.37 and a 200 day simple moving average of $11.36.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a $0.072 dividend. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Friday, February 13th.

Institutional Investors Weigh In On Nuveen New York Quality Municipal Income Fund

Several hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC lifted its position in Nuveen New York Quality Municipal Income Fund by 11.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,000 shares of the financial services provider’s stock valued at $113,000 after buying an additional 1,000 shares in the last quarter. J. L. Bainbridge & Co. Inc. acquired a new position in Nuveen New York Quality Municipal Income Fund during the 3rd quarter worth $116,000. Jane Street Group LLC bought a new stake in Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at about $147,000. Kingsview Wealth Management LLC acquired a new position in Nuveen New York Quality Municipal Income Fund in the third quarter worth $154,000. Finally, HRT Financial LP bought a new stake in shares of Nuveen New York Quality Municipal Income Fund during the 4th quarter valued at about $155,000.

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.