Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Short Interest Up 34.9% in January

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 148,497 shares, an increase of 34.9% from the January 15th total of 110,040 shares. Based on an average trading volume of 351,897 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 351,897 shares, the days-to-cover ratio is currently 0.4 days.

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

Shares of NYSE NRK traded down $0.03 during midday trading on Friday, hitting $10.22. 498,136 shares of the company’s stock traded hands, compared to its average volume of 405,555. The firm has a fifty day moving average of $10.13 and a 200 day moving average of $9.99. Nuveen New York AMT-Free Quality Municipal Income Fund has a 1 year low of $9.30 and a 1 year high of $10.75.

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

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be given a $0.069 dividend. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a yield of 8.1%.

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

Several hedge funds and other institutional investors have recently modified their holdings of NRK. Fiera Capital Corp bought a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund during the fourth quarter valued at about $4,650,000. Alpine Global Management LLC bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 3rd quarter valued at approximately $2,892,000. Hennion & Walsh Asset Management Inc. increased its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 77.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 529,103 shares of the financial services provider’s stock worth $5,339,000 after acquiring an additional 231,617 shares in the last quarter. North Ground Capital increased its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 68.0% in the 3rd quarter. North Ground Capital now owns 538,650 shares of the financial services provider’s stock worth $5,494,000 after acquiring an additional 218,075 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund during the 4th quarter worth approximately $1,428,000.

Nuveen New York AMT-Free Quality Municipal Income Fund Company Profile

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State personal income taxes, including the alternative minimum tax. The fund primarily invests in investment-grade municipal securities issued by or on behalf of public authorities and municipalities located in New York. Its portfolio is broadly diversified across metropolitan areas, local school districts, transportation authorities and other state and local entities.

Managed by Nuveen Asset Management LLC, a subsidiary of TIAA that specializes in municipal bond investing, NRK employs a disciplined, quality-focused approach to security selection.