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

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 149,139 shares, an increase of 176.5% from the February 12th total of 53,938 shares. Based on an average daily trading volume, of 435,680 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 435,680 shares, the short-interest ratio is presently 0.3 days.

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

A number of large investors have recently made changes to their positions in the company. Guggenheim Capital LLC lifted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 9.6% in the 4th quarter. Guggenheim Capital LLC now owns 1,318,465 shares of the financial services provider’s stock worth $13,303,000 after purchasing an additional 115,893 shares during the period. Rivernorth Capital Management LLC grew its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 102.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 1,273,220 shares of the financial services provider’s stock valued at $12,847,000 after buying an additional 644,852 shares during the period. North Ground Capital increased its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 11.6% during the fourth quarter. North Ground Capital now owns 601,212 shares of the financial services provider’s stock valued at $6,066,000 after buying an additional 62,562 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 77.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 529,103 shares of the financial services provider’s stock valued at $5,339,000 after buying an additional 231,617 shares during the last quarter. Finally, Fiera Capital Corp bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter worth approximately $4,650,000.

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

Shares of NRK stock traded down $0.10 on Friday, reaching $10.32. The stock had a trading volume of 544,103 shares, compared to its average volume of 418,674. Nuveen New York AMT-Free Quality Municipal Income Fund has a 1 year low of $9.30 and a 1 year high of $10.60. The company has a 50 day simple moving average of $10.29 and a 200 day simple moving average of $10.13.

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

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.069 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

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.