Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Sees Large Growth in Short Interest

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 54,700 shares, a growth of 62.8% from the February 13th total of 33,600 shares. Based on an average daily trading volume, of 240,400 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Alpine Global Management LLC boosted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 30.4% during the fourth quarter. Alpine Global Management LLC now owns 300,000 shares of the financial services provider’s stock worth $3,138,000 after buying an additional 70,000 shares in the last quarter. Elequin Capital LP acquired a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter worth $40,000. Nomura Holdings Inc. acquired a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the fourth quarter worth $131,000. Lionshead Wealth Management LLC purchased a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the fourth quarter valued at $915,000. Finally, Cetera Investment Advisers boosted its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 9.5% in the 4th quarter. Cetera Investment Advisers now owns 20,576 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 1,781 shares during the period.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Down 0.9 %

Shares of NYSE:NRK opened at $10.45 on Monday. Nuveen New York AMT-Free Quality Municipal Income Fund has a twelve month low of $10.24 and a twelve month high of $11.36. The company has a 50 day moving average of $10.56 and a 200-day moving average of $10.81.

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

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.069 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date of this dividend is Friday, March 14th.

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.