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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 82,255 shares, a growth of 35.3% from the November 30th total of 60,783 shares. Based on an average daily volume of 81,874 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 81,874 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

A number of institutional investors have recently modified their holdings of NAN. OMNI 360 Wealth Inc. increased its position in shares of Nuveen New York Quality Municipal Income Fund by 12.1% in the second quarter. OMNI 360 Wealth Inc. now owns 27,267 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 2,939 shares during the period. Breakwater Capital Group grew its stake in Nuveen New York Quality Municipal Income Fund by 67.8% during the second quarter. Breakwater Capital Group now owns 72,455 shares of the financial services provider’s stock worth $827,000 after buying an additional 29,281 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Nuveen New York Quality Municipal Income Fund by 41.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,930 shares of the financial services provider’s stock valued at $171,000 after buying an additional 4,361 shares during the period. PFG Investments LLC increased its holdings in Nuveen New York Quality Municipal Income Fund by 8.1% in the 2nd quarter. PFG Investments LLC now owns 22,178 shares of the financial services provider’s stock valued at $253,000 after buying an additional 1,662 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Nuveen New York Quality Municipal Income Fund by 36.8% in the 2nd 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 in the last quarter.

Nuveen New York Quality Municipal Income Fund Stock Up 0.8%

Shares of NAN traded up $0.10 during mid-day trading on Tuesday, hitting $11.29. 170,346 shares of the company’s stock were exchanged, compared to its average volume of 70,811. Nuveen New York Quality Municipal Income Fund has a 52 week low of $10.69 and a 52 week high of $11.89. The stock’s 50-day simple moving average is $11.47 and its 200-day simple moving average is $11.34.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Monday, December 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.