Short Interest in Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Grows By 62.8%

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 54,700 shares, an increase of 62.8% from the February 13th total of 33,600 shares. Based on an average trading volume of 240,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 9.5% in the fourth quarter. Cetera Investment Advisers now owns 20,576 shares of the financial services provider’s stock valued at $215,000 after buying an additional 1,781 shares in the last quarter. Breakwater Capital Group raised its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 4.0% in the fourth quarter. Breakwater Capital Group now owns 50,943 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 1,979 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 6.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 39,679 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 2,289 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 18.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 18,702 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 2,903 shares during the last quarter. Finally, Elequin Capital LP purchased a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter valued at about $40,000.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Down 0.9 %

NYSE NRK traded down $0.10 on Friday, hitting $10.45. 242,621 shares of the company were exchanged, compared to its average volume of 175,547. Nuveen New York AMT-Free Quality Municipal Income Fund has a 12 month low of $10.24 and a 12 month high of $11.36. The stock has a fifty day moving average of $10.56 and a 200-day moving average of $10.81.

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

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.069 per share. This represents a $0.83 annualized dividend and a yield of 7.93%. The ex-dividend date is Friday, March 14th.

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

Nuveen New York AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years.