Short Interest in Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Rises By 36.0%

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

Nuveen New York Quality Municipal Income Fund Price Performance

Nuveen New York Quality Municipal Income Fund stock traded down $0.03 during midday trading on Friday, reaching $11.35. The company’s stock had a trading volume of 206,874 shares, compared to its average volume of 88,039. Nuveen New York Quality Municipal Income Fund has a fifty-two week low of $10.69 and a fifty-two week high of $11.89. The stock’s 50 day simple moving average is $11.38 and its 200 day simple moving average is $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, February 2nd. Investors of record on Thursday, January 15th will be issued a dividend of $0.072 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a yield of 7.6%.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. J. L. Bainbridge & Co. Inc. purchased a new stake in Nuveen New York Quality Municipal Income Fund during the 3rd quarter worth about $116,000. Kingsview Wealth Management LLC purchased a new position in Nuveen New York Quality Municipal Income Fund in the 3rd quarter valued at about $154,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Nuveen New York Quality Municipal Income Fund by 41.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,930 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 4,361 shares during the last quarter. South Shore Capital Advisors acquired a new stake in Nuveen New York Quality Municipal Income Fund during the fourth quarter worth approximately $195,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund during the second quarter worth $251,000.

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.