Short Interest in Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Drops By 17.1%

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) saw 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.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC increased its position in Nuveen New York Quality Municipal Income Fund by 0.7% during the 4th quarter. HighTower Advisors LLC now owns 195,071 shares of the financial services provider’s stock valued at $2,224,000 after buying an additional 1,400 shares in the last quarter. Stifel Financial Corp grew its stake in shares of 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 last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Nuveen New York Quality Municipal Income Fund by 17.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,839 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 2,617 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Nuveen New York Quality Municipal Income Fund by 10.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 41,144 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 3,899 shares during the last quarter. Finally, PFG Investments LLC boosted its stake in Nuveen New York Quality Municipal Income Fund by 66.3% in the 4th quarter. PFG Investments LLC now owns 20,482 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 8,167 shares in the last quarter.

Nuveen New York Quality Municipal Income Fund Stock Performance

Nuveen New York Quality Municipal Income Fund stock 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 business’s 50 day moving average price is $11.55 and its 200-day moving average price is $11.54.

Nuveen New York Quality Municipal Income Fund Announces Dividend

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

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.