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 large increase in short interest in 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 trading volume of 91,154 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NAN. Steward Partners Investment Advisory LLC lifted its position in 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 in the last quarter. OMNI 360 Wealth Inc. increased its stake in shares of Nuveen New York Quality Municipal Income Fund by 4.4% in the third quarter. OMNI 360 Wealth Inc. now owns 28,469 shares of the financial services provider’s stock worth $325,000 after acquiring an additional 1,202 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Nuveen New York Quality Municipal Income Fund by 0.7% in the fourth quarter. HighTower Advisors LLC now owns 196,236 shares of the financial services provider’s stock worth $2,210,000 after acquiring an additional 1,423 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Nuveen New York Quality Municipal Income Fund by 4.9% during the third quarter. Envestnet Asset Management Inc. now owns 43,503 shares of the financial services provider’s stock worth $497,000 after acquiring an additional 2,044 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Nuveen New York Quality Municipal Income Fund by 7.3% during the fourth quarter. LPL Financial LLC now owns 36,634 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 2,500 shares during the last quarter.

Nuveen New York Quality Municipal Income Fund Trading Down 0.2%

NYSE NAN traded down $0.02 during trading on Monday, reaching $10.95. 63,102 shares of the company’s stock were exchanged, compared to its average volume of 81,505. 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. The company’s fifty day simple moving average is $11.42 and its 200-day simple moving average is $11.44.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a dividend of $0.072 per share. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Friday, March 13th.

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.