Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Short Interest Down 46.1% in December

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 44,296 shares, a drop of 46.1% from the December 15th total of 82,255 shares. Based on an average daily trading volume, of 125,473 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 125,473 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen New York Quality Municipal Income Fund Price Performance

NAN stock traded down $0.05 during mid-day trading on Thursday, reaching $11.40. The company had a trading volume of 68,552 shares, compared to its average volume of 81,545. The firm has a 50 day moving average of $11.42 and a 200 day moving average of $11.34. Nuveen New York Quality Municipal Income Fund has a 12 month low of $10.69 and a 12 month high of $11.89.

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 issued a dividend of $0.072 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Thursday, January 15th.

Hedge Funds Weigh In On Nuveen New York Quality Municipal Income Fund

Several institutional investors have recently made changes to their positions in NAN. PFG Investments LLC raised its holdings in shares of Nuveen New York Quality Municipal Income Fund by 28.6% in the 3rd quarter. PFG Investments LLC now owns 28,528 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 6,350 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Nuveen New York Quality Municipal Income Fund in the 3rd quarter worth $2,018,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Nuveen New York Quality Municipal Income Fund by 89.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 174,370 shares of the financial services provider’s stock worth $1,993,000 after purchasing an additional 82,415 shares during the last quarter. OMNI 360 Wealth Inc. boosted its position in Nuveen New York Quality Municipal Income Fund by 4.4% during the third quarter. OMNI 360 Wealth Inc. now owns 28,469 shares of the financial services provider’s stock valued at $325,000 after purchasing an additional 1,202 shares in the last quarter. Finally, J. L. Bainbridge & Co. Inc. bought a new stake in Nuveen New York Quality Municipal Income Fund during the third quarter valued at about $116,000.

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.