Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Short Interest Up 37.1% in February

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 78,578 shares, a growth of 37.1% from the February 12th total of 57,324 shares. Based on an average daily trading volume, of 67,394 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 67,394 shares, the days-to-cover ratio is presently 1.2 days.

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

Several institutional investors have recently bought and sold shares of NAN. Indivisible Partners bought a new position in shares of Nuveen New York Quality Municipal Income Fund during the 4th quarter valued at about $3,559,000. Ashton Thomas Securities LLC bought a new stake in shares of Nuveen New York Quality Municipal Income Fund in the 3rd quarter worth approximately $2,018,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen New York Quality Municipal Income Fund by 83.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 320,552 shares of the financial services provider’s stock worth $3,609,000 after purchasing an additional 146,182 shares in the last quarter. Lionshead Wealth Management LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund during the second quarter valued at approximately $731,000. Finally, Westwood Wealth Management acquired a new stake in Nuveen New York Quality Municipal Income Fund during the fourth quarter valued at approximately $717,000.

Nuveen New York Quality Municipal Income Fund Stock Down 0.6%

NAN traded down $0.07 during trading hours on Friday, hitting $11.41. The company’s stock had a trading volume of 27,859 shares, compared to its average volume of 85,283. The company has a 50-day simple moving average of $11.46 and a 200 day simple moving average of $11.43. 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.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend 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.