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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totaling 97,734 shares, a decline of 15.9% from the March 31st total of 116,232 shares. Based on an average trading volume of 57,739 shares, the days-to-cover ratio is currently 1.7 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its holdings in shares of Nuveen New York Quality Municipal Income Fund by 11.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,000 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 1,000 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Nuveen New York Quality Municipal Income Fund during the fourth quarter valued at approximately $124,000. Jane Street Group LLC bought a new stake in shares of Nuveen New York Quality Municipal Income Fund during the fourth quarter valued at approximately $147,000. &PARTNERS bought a new stake in shares of Nuveen New York Quality Municipal Income Fund during the fourth quarter valued at approximately $147,000. Finally, Kingsview Wealth Management LLC bought a new stake in Nuveen New York Quality Municipal Income Fund during the third quarter worth $154,000.

Nuveen New York Quality Municipal Income Fund Trading Up 0.3%

Shares of NYSE NAN traded up $0.04 during midday trading on Friday, hitting $11.57. 57,934 shares of the stock traded hands, compared to its average volume of 74,961. Nuveen New York Quality Municipal Income Fund has a one year low of $10.79 and a one year high of $11.67. The business has a 50 day moving average price of $11.39 and a two-hundred day moving average price of $11.43.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be issued a dividend of $0.072 per share. The ex-dividend date is Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 7.5%.

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.