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) 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 Trading Up 1.8%

NRK stock traded up $0.19 during trading on Tuesday, hitting $10.40. 931,042 shares of the stock traded hands, compared to its average volume of 422,505. Nuveen New York AMT-Free Quality Municipal Income Fund has a one year low of $9.30 and a one year high of $10.75. The company has a 50 day simple moving average of $10.13 and a 200 day simple moving average of $10.00.

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

The firm also recently disclosed 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 8.0%.

Institutional Trading of Nuveen New York AMT-Free Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 2.3% during the 1st quarter. Royal Bank of Canada now owns 252,520 shares of the financial services provider’s stock worth $2,601,000 after acquiring an additional 5,734 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 14.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 28,468 shares of the financial services provider’s stock worth $282,000 after buying an additional 3,581 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 39.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 50,778 shares of the financial services provider’s stock valued at $503,000 after buying an additional 14,326 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 587.9% in the 2nd quarter. Wedbush Securities Inc. now owns 69,132 shares of the financial services provider’s stock valued at $685,000 after buying an additional 59,082 shares during the period. Finally, Creative Planning bought a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the second quarter worth $112,000.

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.