Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Short Interest Up 88.8% in March

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 281,627 shares, an increase of 88.8% from the February 26th total of 149,139 shares. Based on an average trading volume of 442,824 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. First Horizon Corp acquired a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the third quarter valued at approximately $26,000. CWM LLC grew its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 1,205.5% during the third quarter. CWM LLC now owns 3,786 shares of the financial services provider’s stock worth $39,000 after buying an additional 3,496 shares in the last quarter. International Assets Investment Management LLC bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the 4th quarter worth $44,000. Elyxium Wealth LLC bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the 4th quarter worth $69,000. Finally, Kestra Advisory Services LLC acquired a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter valued at $79,000.

Nuveen New York AMT-Free Quality Municipal Income Fund Trading Down 0.7%

Shares of NRK stock traded down $0.08 on Thursday, hitting $10.08. The company’s stock had a trading volume of 251,277 shares, compared to its average volume of 395,305. 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 $10.60. The stock’s 50 day moving average is $10.30 and its 200-day moving average is $10.17.

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

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.069 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Friday, March 13th.

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.