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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the recipient of a significant drop in short interest in 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 short-interest ratio is presently 2.3 days.

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

Hedge funds have recently bought and sold shares of the company. Broyhill Asset Management acquired a new stake in Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at $114,000. Seelaus Asset Management LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund in the 4th quarter valued at about $129,000. Stifel Financial Corp increased its holdings in Nuveen New York Quality Municipal Income Fund by 18.8% during the 3rd quarter. Stifel Financial Corp now owns 12,462 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 1,975 shares in the last quarter. Stephens Inc. AR acquired a new position in Nuveen New York Quality Municipal Income Fund during the fourth quarter worth about $162,000. Finally, LPL Financial LLC purchased a new stake in shares of Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at about $167,000.

Nuveen New York Quality Municipal Income Fund Stock Up 0.2 %

NAN stock traded up $0.03 during trading on Tuesday, reaching $11.41. 73,785 shares of the company were exchanged, compared to its average volume of 70,800. The stock’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 has a 52-week low of $10.56 and a 52-week high of $11.93.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.072 per share. This represents a $0.86 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend is Friday, March 14th.

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.