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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 78,578 shares, an increase of 37.1% from the February 12th total of 57,324 shares. Based on an average daily trading volume, of 67,394 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 67,394 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On Nuveen New York Quality Municipal Income Fund

A number of hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new stake in Nuveen New York Quality Municipal Income Fund in the 4th quarter valued at approximately $124,000. &PARTNERS purchased a new position in shares of Nuveen New York Quality Municipal Income Fund during the 4th quarter worth approximately $147,000. Jane Street Group LLC purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at approximately $147,000. HRT Financial LP purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at approximately $155,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in Nuveen New York Quality Municipal Income Fund by 11.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,000 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 1,000 shares during the period.

Nuveen New York Quality Municipal Income Fund Stock Performance

NAN traded down $0.00 during trading on Monday, hitting $11.42. The stock had a trading volume of 29,666 shares, compared to its average volume of 83,928. Nuveen New York Quality Municipal Income Fund has a twelve month low of $10.69 and a twelve month high of $11.67. The company’s 50-day moving average price is $11.46 and its 200 day moving average price is $11.43.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Friday, March 13th.

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.