Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Short Interest Update

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 281,627 shares, an increase of 88.8% from the February 26th total of 149,139 shares. Based on an average trading volume of 442,824 shares, the days-to-cover ratio is currently 0.6 days.

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

NRK stock traded down $0.10 during trading hours on Friday, hitting $9.98. The company’s stock had a trading volume of 574,884 shares, compared to its average volume of 398,347. Nuveen New York AMT-Free Quality Municipal Income Fund has a 12 month low of $9.30 and a 12 month high of $10.60. The stock has a 50 day moving average price of $10.29 and a two-hundred day moving average price of $10.17.

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

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $0.069 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

Hedge Funds Weigh In On Nuveen New York AMT-Free Quality Municipal Income Fund

Several institutional investors have recently bought and sold shares of the stock. Rivernorth Capital Management LLC boosted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 102.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 1,273,220 shares of the financial services provider’s stock worth $12,847,000 after acquiring an additional 644,852 shares in the last quarter. Fiera Capital Corp acquired a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the fourth quarter valued at approximately $4,650,000. Alpine Global Management LLC bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the third quarter valued at approximately $2,892,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 77.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 529,103 shares of the financial services provider’s stock worth $5,339,000 after buying an additional 231,617 shares during the last quarter. Finally, North Ground Capital boosted its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 68.0% during the 3rd quarter. North Ground Capital now owns 538,650 shares of the financial services provider’s stock worth $5,494,000 after buying an additional 218,075 shares during the period.

About Nuveen New York AMT-Free Quality Municipal Income Fund

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.