Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Short Interest Update

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 80,500 shares, a decline of 34.3% from the September 30th total of 122,500 shares. Based on an average daily volume of 67,300 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 67,300 shares, the short-interest ratio is presently 1.2 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Guggenheim Capital LLC raised its stake in shares of Nuveen New York Quality Municipal Income Fund by 4.9% in the 2nd quarter. Guggenheim Capital LLC now owns 714,149 shares of the financial services provider’s stock valued at $8,148,000 after acquiring an additional 33,635 shares during the period. HighTower Advisors LLC raised its stake in shares of Nuveen New York Quality Municipal Income Fund by 0.5% in the 1st quarter. HighTower Advisors LLC now owns 195,979 shares of the financial services provider’s stock valued at $2,230,000 after acquiring an additional 908 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund in the 3rd quarter valued at approximately $2,018,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Nuveen New York Quality Municipal Income Fund by 89.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 174,370 shares of the financial services provider’s stock valued at $1,993,000 after acquiring an additional 82,415 shares during the period. Finally, Breakwater Capital Group raised its stake in shares of Nuveen New York Quality Municipal Income Fund by 67.8% in the 2nd quarter. Breakwater Capital Group now owns 72,455 shares of the financial services provider’s stock valued at $827,000 after acquiring an additional 29,281 shares during the period.

Nuveen New York Quality Municipal Income Fund Price Performance

Shares of Nuveen New York Quality Municipal Income Fund stock traded down $0.04 on Monday, reaching $11.53. The company had a trading volume of 189,692 shares, compared to its average volume of 67,940. The firm’s 50 day moving average price is $11.38 and its two-hundred day moving average price is $11.27. Nuveen New York Quality Municipal Income Fund has a 52-week low of $10.69 and a 52-week high of $11.89.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be paid a $0.072 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Wednesday, October 15th.

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.