Short Interest in Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Grows By 61.4%

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 18,400 shares, an increase of 61.4% from the July 15th total of 11,400 shares. Based on an average daily trading volume, of 151,100 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Nuveen New York AMT-Free Quality Municipal Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mill Creek Capital Advisors LLC purchased a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the 2nd quarter worth $150,000. TIAA Trust National Association purchased a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the 2nd quarter worth $182,000. Leisure Capital Management raised its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 24.8% during the 2nd quarter. Leisure Capital Management now owns 12,583 shares of the financial services provider’s stock worth $140,000 after buying an additional 2,500 shares during the last quarter. Breakwater Capital Group purchased a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the 2nd quarter worth $502,000. Finally, Clear Creek Financial Management LLC purchased a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the 2nd quarter worth $144,000.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Performance

Shares of Nuveen New York AMT-Free Quality Municipal Income Fund stock opened at $11.08 on Friday. The company has a fifty day simple moving average of $11.03 and a 200-day simple moving average of $10.88. Nuveen New York AMT-Free Quality Municipal Income Fund has a 12-month low of $8.95 and a 12-month high of $11.26.

Nuveen New York AMT-Free Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a $0.069 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.83 annualized dividend and a yield of 7.47%.

About Nuveen New York AMT-Free Quality Municipal Income Fund

Nuveen New York AMT-Free 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 undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years.