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 significant decrease in short interest in April. As of April 15th, there was short interest totaling 97,734 shares, a decrease of 15.9% from the March 31st total of 116,232 shares. Based on an average daily volume of 57,739 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC lifted 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 purchasing an additional 1,000 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Nuveen New York Quality Municipal Income Fund by 0.7% during the fourth quarter. HighTower Advisors LLC now owns 196,236 shares of the financial services provider’s stock valued at $2,210,000 after purchasing an additional 1,423 shares in the last quarter. Envestnet Asset Management Inc. increased its position in 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 valued at $497,000 after acquiring an additional 2,044 shares during the last quarter. LPL Financial LLC increased 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 acquiring an additional 2,500 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Nuveen New York Quality Municipal Income Fund by 7.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 41,061 shares of the financial services provider’s stock valued at $462,000 after acquiring an additional 2,964 shares during the last quarter.

Nuveen New York Quality Municipal Income Fund Stock Up 0.2%

Shares of NYSE:NAN opened at $11.56 on Friday. Nuveen New York Quality Municipal Income Fund has a 1 year low of $10.79 and a 1 year high of $11.67. The stock’s fifty day moving average price is $11.39 and its 200-day moving average price is $11.43.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Wednesday, April 15th.

Nuveen New York Quality Municipal Income Fund Company Profile

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.