Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Sees Large Decline in Short Interest

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

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

Several institutional investors have recently made changes to their positions in NAN. Broyhill Asset Management bought a new position in Nuveen New York Quality Municipal Income Fund during the 4th quarter worth $114,000. Seelaus Asset Management LLC bought a new position in shares of Nuveen New York Quality Municipal Income Fund during the fourth quarter worth about $129,000. Stifel Financial Corp increased its holdings in shares of Nuveen New York Quality Municipal Income Fund by 18.8% in the 3rd 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 bought a new stake in Nuveen New York Quality Municipal Income Fund in the 4th quarter valued at about $162,000. Finally, LPL Financial LLC acquired a new position in Nuveen New York Quality Municipal Income Fund during the 4th quarter valued at about $167,000.

Nuveen New York Quality Municipal Income Fund Trading Up 0.3 %

Shares of Nuveen New York Quality Municipal Income Fund stock traded up $0.04 during trading hours on Thursday, reaching $11.48. The company’s stock had a trading volume of 64,330 shares, compared to its average volume of 81,114. Nuveen New York Quality Municipal Income Fund has a one year low of $10.56 and a one year high of $11.93. The company’s 50 day simple moving average is $11.55 and its 200 day simple moving average is $11.54.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a $0.072 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.86 dividend on an annualized basis and a yield of 7.53%.

About Nuveen New York Quality Municipal Income Fund

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.