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

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) saw a large 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 short-interest ratio is currently 0.2 days. Based on an average daily volume of 656,753 shares, the short-interest ratio is currently 0.2 days.

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

Nuveen New York AMT-Free Quality Municipal Income Fund stock traded down $0.03 during mid-day trading on Monday, reaching $10.21. 139,765 shares of the company traded hands, compared to its average volume of 253,924. The firm’s fifty day moving average is $10.12 and its two-hundred day moving average is $9.91. Nuveen New York AMT-Free Quality Municipal Income Fund has a fifty-two week low of $9.30 and a fifty-two week high of $10.78.

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

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

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

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 2.3% in the first quarter. Royal Bank of Canada now owns 252,520 shares of the financial services provider’s stock worth $2,601,000 after purchasing an additional 5,734 shares during the last quarter. Stockman Wealth Management Inc. acquired a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 2nd quarter worth approximately $297,000. Janney Montgomery Scott LLC increased its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 14.4% in 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 during the period. PFG Investments LLC raised its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 1.0% during the 2nd quarter. PFG Investments LLC now owns 260,163 shares of the financial services provider’s stock worth $2,578,000 after buying an additional 2,564 shares during the last quarter. Finally, Ashton Thomas Securities LLC lifted its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 15.6% during the 2nd quarter. Ashton Thomas Securities LLC now owns 44,500 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 6,000 shares during the period.

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.