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 increase in short interest during the month of March. As of March 13th, there was short interest totaling 103,388 shares, an increase of 31.6% from the February 26th total of 78,578 shares. Based on an average daily trading volume, of 91,154 shares, the days-to-cover ratio is currently 1.1 days.

Nuveen New York Quality Municipal Income Fund Price Performance

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

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.072 dividend. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of NAN. Steward Partners Investment Advisory LLC lifted 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 worth $113,000 after buying an additional 1,000 shares during the last quarter. J. L. Bainbridge & Co. Inc. bought a new stake in shares of Nuveen New York Quality Municipal Income Fund during the 3rd quarter valued at about $116,000. NewEdge Advisors LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund during the fourth quarter worth about $124,000. Jane Street Group LLC bought a new position in Nuveen New York Quality Municipal Income Fund in the fourth quarter worth about $147,000. Finally, &PARTNERS bought a new position in Nuveen New York Quality Municipal Income Fund in the fourth quarter worth about $147,000.

Nuveen New York Quality Municipal Income Fund Company Profile

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.