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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 82,255 shares, an increase of 35.3% from the November 30th total of 60,783 shares. Based on an average daily volume of 81,874 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 81,874 shares, the short-interest ratio is presently 1.0 days.

Nuveen New York Quality Municipal Income Fund Price Performance

NAN stock traded up $0.10 during trading on Tuesday, reaching $11.29. 170,346 shares of the company were exchanged, compared to its average volume of 70,811. The company has a 50-day moving average of $11.47 and a two-hundred day moving average of $11.34. Nuveen New York Quality Municipal Income Fund has a twelve month low of $10.69 and a twelve month high of $11.89.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.072 per share. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 7.7%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Guggenheim Capital LLC increased its holdings in Nuveen New York Quality Municipal Income Fund by 4.9% in the 2nd quarter. Guggenheim Capital LLC now owns 714,149 shares of the financial services provider’s stock worth $8,148,000 after purchasing an additional 33,635 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Nuveen New York Quality Municipal Income Fund during the third quarter worth about $2,018,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nuveen New York Quality Municipal Income Fund by 89.6% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 174,370 shares of the financial services provider’s stock worth $1,993,000 after purchasing an additional 82,415 shares during the last quarter. Breakwater Capital Group increased its stake in shares of Nuveen New York Quality Municipal Income Fund by 67.8% in the second quarter. Breakwater Capital Group now owns 72,455 shares of the financial services provider’s stock valued at $827,000 after buying an additional 29,281 shares during the period. Finally, Lionshead Wealth Management LLC bought a new position in Nuveen New York Quality Municipal Income Fund in the 2nd quarter valued at approximately $731,000.

About Nuveen New York Quality Municipal Income Fund

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.