Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Short Interest Down 42.7% in March

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 9,400 shares, a decrease of 42.7% from the February 29th total of 16,400 shares. Based on an average trading volume of 76,100 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC bought a new position in Nuveen New York Quality Municipal Income Fund in the 3rd quarter valued at $74,000. Kingswood Wealth Advisors LLC bought a new position in Nuveen New York Quality Municipal Income Fund in the 4th quarter valued at $121,000. Cetera Advisor Networks LLC boosted its position in Nuveen New York Quality Municipal Income Fund by 10.1% in the 2nd quarter. Cetera Advisor Networks LLC now owns 11,108 shares of the financial services provider’s stock valued at $130,000 after buying an additional 1,022 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in Nuveen New York Quality Municipal Income Fund in the 2nd quarter valued at $120,000. Finally, Advisor Group Holdings Inc. boosted its position in Nuveen New York Quality Municipal Income Fund by 14.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 11,465 shares of the financial services provider’s stock valued at $145,000 after buying an additional 1,433 shares during the last quarter.

Nuveen New York Quality Municipal Income Fund Stock Performance

NYSE:NAN traded down $0.01 during trading hours on Thursday, reaching $10.93. The company had a trading volume of 5,980 shares, compared to its average volume of 66,796. The stock has a 50-day moving average of $10.93 and a two-hundred day moving average of $10.42. Nuveen New York Quality Municipal Income Fund has a one year low of $9.11 and a one year high of $11.34.

Nuveen New York Quality Municipal Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a dividend of $0.0485 per share. This represents a $0.58 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from Nuveen New York Quality Municipal Income Fund’s previous monthly dividend of $0.04.

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.