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

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 117,803 shares, a growth of 29.3% from the December 15th total of 91,136 shares. Based on an average daily volume of 656,753 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 656,753 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Down 0.2%

Shares of NRK traded down $0.03 during midday trading on Friday, reaching $10.21. 139,765 shares of the stock were exchanged, compared to its average volume of 253,924. Nuveen New York AMT-Free Quality Municipal Income Fund has a 12-month low of $9.30 and a 12-month high of $10.78. The firm has a 50 day simple moving average of $10.13 and a 200-day simple moving average of $9.91.

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

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.069 per share. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

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. First Horizon Corp bought a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 3rd quarter worth about $26,000. CWM LLC lifted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 1,205.5% in the 3rd quarter. CWM LLC now owns 3,786 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 3,496 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 45.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 9,243 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 2,900 shares during the period. Private Advisor Group LLC acquired a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the third quarter valued at approximately $102,000. Finally, Susquehanna International Group LLP bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the third quarter valued at approximately $107,000.

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.