Short Interest in Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Declines By 22.1%

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 161,200 shares, a decline of 22.1% from the January 15th total of 206,800 shares. Based on an average trading volume of 94,400 shares, the days-to-cover ratio is presently 1.7 days.

Nuveen New York Quality Municipal Income Fund Trading Up 0.4 %

NYSE NAN opened at $11.57 on Friday. Nuveen New York Quality Municipal Income Fund has a one year low of $10.56 and a one year high of $11.93. The business’s fifty day moving average is $11.41 and its 200-day moving average is $11.51.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.072 per share. This represents a $0.86 annualized dividend and a dividend yield of 7.47%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Guggenheim Capital LLC lifted its position in Nuveen New York Quality Municipal Income Fund by 6.7% in the fourth quarter. Guggenheim Capital LLC now owns 665,090 shares of the financial services provider’s stock valued at $7,582,000 after purchasing an additional 41,782 shares during the last quarter. Transcend Capital Advisors LLC boosted its position in shares of Nuveen New York Quality Municipal Income Fund by 2,364.0% during the fourth quarter. Transcend Capital Advisors LLC now owns 246,398 shares of the financial services provider’s stock valued at $2,809,000 after buying an additional 236,398 shares during the last quarter. HighTower Advisors LLC boosted its position in Nuveen New York Quality Municipal Income Fund by 0.7% in the fourth quarter. HighTower Advisors LLC now owns 195,071 shares of the financial services provider’s stock worth $2,224,000 after purchasing an additional 1,400 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Nuveen New York Quality Municipal Income Fund in the fourth quarter worth about $781,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Nuveen New York Quality Municipal Income Fund by 10.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 41,144 shares of the financial services provider’s stock worth $469,000 after buying an additional 3,899 shares during the period.

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.