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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 103,388 shares, a growth of 31.6% from the February 26th total of 78,578 shares. Based on an average trading volume of 91,154 shares, the short-interest ratio is presently 1.1 days.

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

Several institutional investors and hedge funds have recently modified their holdings of NAN. Steward Partners Investment Advisory LLC raised its position in shares of Nuveen New York Quality Municipal Income Fund by 11.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,000 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 1,000 shares in the last quarter. J. L. Bainbridge & Co. Inc. acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund during the third quarter worth approximately $116,000. NewEdge Advisors LLC bought a new stake in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter worth $124,000. Jane Street Group LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at $147,000. Finally, &PARTNERS acquired a new stake in Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at $147,000.

Nuveen New York Quality Municipal Income Fund Stock Performance

Shares of NYSE:NAN traded down $0.10 during midday trading on Friday, hitting $10.97. 110,641 shares of the company’s stock traded hands, compared to its average volume of 81,818. The firm’s fifty day moving average price is $11.43 and its two-hundred day moving average price is $11.45. Nuveen New York Quality Municipal Income Fund has a twelve month low of $10.69 and a twelve month high of $11.67.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders 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 7.9%. 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.