Short Interest in Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Expands By 57.5%

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) saw a large 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 currently 1.0 days. Based on an average trading volume of 94,655 shares, the short-interest ratio is currently 1.0 days.

Nuveen New York Quality Municipal Income Fund Trading Down 0.5%

Shares of NAN traded down $0.06 during mid-day trading on Friday, reaching $11.54. 36,801 shares of the company’s stock were exchanged, compared to its average volume of 88,713. Nuveen New York Quality Municipal Income Fund has a 52-week low of $10.69 and a 52-week high of $11.89. The company has a 50-day simple moving average of $11.37 and a two-hundred day simple moving average of $11.36.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

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 dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Friday, February 13th.

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

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

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.