Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Short Interest Up 36.0% in January

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 60,260 shares, an increase of 36.0% from the December 31st total of 44,296 shares. Based on an average daily trading volume, of 81,591 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 81,591 shares, the days-to-cover ratio is currently 0.7 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GC Wealth Management RIA LLC acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund in the 4th quarter valued at about $620,000. PFG Investments LLC increased its holdings in Nuveen New York Quality Municipal Income Fund by 16.1% in the fourth quarter. PFG Investments LLC now owns 33,118 shares of the financial services provider’s stock valued at $373,000 after buying an additional 4,590 shares during the last quarter. South Shore Capital Advisors acquired a new stake in Nuveen New York Quality Municipal Income Fund during the fourth quarter valued at approximately $195,000. Westwood Wealth Management acquired a new stake in Nuveen New York Quality Municipal Income Fund during the fourth quarter valued at approximately $717,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in Nuveen New York Quality Municipal Income Fund by 83.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 320,552 shares of the financial services provider’s stock worth $3,609,000 after buying an additional 146,182 shares during the last quarter.

Nuveen New York Quality Municipal Income Fund Stock Down 0.2%

NYSE NAN traded down $0.03 on Friday, reaching $11.35. The company had a trading volume of 206,874 shares, compared to its average volume of 88,039. Nuveen New York Quality Municipal Income Fund has a 1 year low of $10.69 and a 1 year high of $11.89. The firm has a 50-day moving average of $11.38 and a 200-day moving average of $11.33.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a $0.072 dividend. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Thursday, January 15th.

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.