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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 180,900 shares, a drop of 17.1% from the February 28th total of 218,300 shares. Based on an average daily volume of 79,300 shares, the days-to-cover ratio is presently 2.3 days.

Nuveen New York Quality Municipal Income Fund Price Performance

NYSE NAN traded up $0.01 during trading hours on Wednesday, reaching $11.44. The stock had a trading volume of 34,894 shares, compared to its average volume of 81,179. Nuveen New York Quality Municipal Income Fund has a 52-week low of $10.56 and a 52-week high of $11.93. The stock has a fifty day moving average of $11.55 and a 200 day moving average of $11.54.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.072 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.55%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NAN. Broyhill Asset Management acquired a new stake in Nuveen New York Quality Municipal Income Fund during the 4th quarter worth about $114,000. Seelaus Asset Management LLC purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter worth about $129,000. Stifel Financial Corp grew its holdings in Nuveen New York Quality Municipal Income Fund by 18.8% during the third quarter. Stifel Financial Corp now owns 12,462 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 1,975 shares during the period. Stephens Inc. AR purchased a new position in Nuveen New York Quality Municipal Income Fund during the fourth quarter valued at approximately $162,000. Finally, LPL Financial LLC acquired a new position in Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at approximately $167,000.

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.