Short Interest in Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Declines By 39.6%

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 57,324 shares, a decline of 39.6% from the January 29th total of 94,932 shares. Based on an average trading volume of 90,053 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 90,053 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its holdings in shares of Nuveen New York Quality Municipal Income Fund by 36.8% during the second quarter. Envestnet Asset Management Inc. now owns 41,459 shares of the financial services provider’s stock worth $473,000 after buying an additional 11,161 shares in the last quarter. Lionshead Wealth Management LLC bought a new stake in Nuveen New York Quality Municipal Income Fund during the 2nd quarter worth $731,000. Horizon Kinetics Asset Management LLC increased its holdings in Nuveen New York Quality Municipal Income Fund by 4.3% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 39,769 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 1,650 shares in the last quarter. Guggenheim Capital LLC raised its position in 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 last quarter. Finally, Cresset Asset Management LLC acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund during the second quarter valued at about $251,000.

Nuveen New York Quality Municipal Income Fund Price Performance

NAN stock opened at $11.62 on Friday. Nuveen New York Quality Municipal Income Fund has a 12 month low of $10.69 and a 12 month high of $11.89. The firm has a 50-day moving average price of $11.40 and a 200-day moving average price of $11.39.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be paid a $0.072 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) annualized dividend and a yield of 7.4%.

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.