Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Sees Large Drop in Short Interest

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 80,500 shares, a decline of 34.3% from the September 30th total of 122,500 shares. Based on an average daily trading volume, of 67,300 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 67,300 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NAN. Wealth Enhancement Advisory Services LLC grew its holdings 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 acquiring an additional 4,361 shares during the period. Lionshead Wealth Management LLC purchased a new position in Nuveen New York Quality Municipal Income Fund during the second quarter valued at $731,000. Horizon Kinetics Asset Management LLC raised its stake in Nuveen New York Quality Municipal Income Fund by 4.3% during the second quarter. Horizon Kinetics Asset Management LLC now owns 39,769 shares of the financial services provider’s stock valued at $454,000 after buying an additional 1,650 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in 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 valued at $473,000 after buying an additional 11,161 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in Nuveen New York Quality Municipal Income Fund by 4.9% during the second quarter. Guggenheim Capital LLC now owns 714,149 shares of the financial services provider’s stock valued at $8,148,000 after buying an additional 33,635 shares during the last quarter.

Nuveen New York Quality Municipal Income Fund Stock Down 0.2%

Shares of NAN traded down $0.02 during trading hours on Tuesday, hitting $11.53. The company had a trading volume of 26,786 shares, compared to its average volume of 67,743. The stock’s 50 day moving average price is $11.38 and its 200 day moving average price is $11.27. Nuveen New York Quality Municipal Income Fund has a 52-week low of $10.69 and a 52-week high of $11.89.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th 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 is Friday, November 14th.

Nuveen New York Quality Municipal Income Fund Company Profile

Nuveen New York Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in municipal bonds, with a rating of Baa or higher.