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 drop in short interest during the month of December. As of December 31st, there was short interest totaling 44,296 shares, a drop of 46.1% from the December 15th total of 82,255 shares. Based on an average trading volume of 125,473 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 125,473 shares, the short-interest ratio is currently 0.4 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of NAN. Ashton Thomas Securities LLC bought a new position 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 position in Nuveen New York Quality Municipal Income Fund by 83.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 320,552 shares of the financial services provider’s stock worth $3,609,000 after purchasing an additional 146,182 shares during the last quarter. Lionshead Wealth Management LLC bought a new position in Nuveen New York Quality Municipal Income Fund in the 2nd quarter worth about $731,000. Guggenheim Capital LLC increased its stake in shares of Nuveen New York Quality Municipal Income Fund by 4.9% in the second quarter. Guggenheim Capital LLC now owns 714,149 shares of the financial services provider’s stock valued at $8,148,000 after purchasing an additional 33,635 shares during the period. Finally, Olde Wealth Management LLC bought a new stake in shares of Nuveen New York Quality Municipal Income Fund during the third quarter valued at approximately $367,000.

Nuveen New York Quality Municipal Income Fund Stock Down 0.0%

Shares of NYSE:NAN traded down $0.01 during trading on Friday, hitting $11.40. 63,077 shares of the company traded hands, compared to its average volume of 79,862. The business’s fifty day moving average is $11.42 and its 200-day moving average is $11.34. Nuveen New York Quality Municipal Income Fund has a one year low of $10.69 and a one year high of $11.89.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be paid a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Thursday, January 15th.

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.