Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Sees Significant Drop in Short Interest

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) was the target of a significant drop in short interest in 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 trading volume, of 79,300 shares, the days-to-cover ratio is currently 2.3 days.

Nuveen New York Quality Municipal Income Fund Price Performance

NYSE:NAN traded up $0.04 during mid-day trading on Thursday, reaching $11.48. 64,330 shares of the stock were exchanged, compared to its average volume of 81,114. Nuveen New York Quality Municipal Income Fund has a 1-year low of $10.56 and a 1-year high of $11.93. The business has a fifty day moving average price of $11.55 and a 200 day moving average price of $11.54.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.072 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.53%.

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

A number of institutional investors and hedge funds have recently modified their holdings of NAN. Transcend Capital Advisors LLC raised its position in shares of Nuveen New York Quality Municipal Income Fund by 2,364.0% during the fourth quarter. Transcend Capital Advisors LLC now owns 246,398 shares of the financial services provider’s stock worth $2,809,000 after purchasing an additional 236,398 shares during the period. Raymond James Financial Inc. acquired a new stake in Nuveen New York Quality Municipal Income Fund during the 4th quarter worth about $781,000. Bank of America Corp DE boosted its position in Nuveen New York Quality Municipal Income Fund by 7.3% during the fourth quarter. Bank of America Corp DE now owns 786,198 shares of the financial services provider’s stock valued at $8,963,000 after purchasing an additional 53,761 shares during the last quarter. Guggenheim Capital LLC grew its stake in Nuveen New York Quality Municipal Income Fund by 6.7% in the fourth quarter. Guggenheim Capital LLC now owns 665,090 shares of the financial services provider’s stock valued at $7,582,000 after purchasing an additional 41,782 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in Nuveen New York Quality Municipal Income Fund in the 4th quarter worth about $296,000.

Nuveen New York Quality Municipal Income Fund Company Profile

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.