Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Short Interest Up 59.1% in August

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 570,686 shares, a growth of 59.1% from the July 30th total of 358,688 shares. Based on an average daily volume of 258,436 shares, the days-to-cover ratio is currently 2.2 days.

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

Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter valued at about $44,000. Elyxium Wealth LLC bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the fourth quarter valued at about $69,000. Western Wealth Management LLC purchased a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the first quarter worth about $70,000. Kestra Advisory Services LLC bought a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter worth about $79,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter worth about $85,000.

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

NYSE:NRK opened at $10.10 on Wednesday. Nuveen New York AMT-Free Quality Municipal Income Fund has a fifty-two week low of $9.44 and a fifty-two week high of $10.90. The business has a 50 day moving average price of $10.48 and a 200-day moving average price of $10.46.

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

The company also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were issued a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Friday, August 14th.

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.