Short Interest in Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Decreases By 63.7%

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 53,938 shares, a decrease of 63.7% from the January 29th total of 148,497 shares. Based on an average daily trading volume, of 599,515 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 599,515 shares, the days-to-cover ratio is currently 0.1 days.

Nuveen New York AMT-Free Quality Municipal Income Fund Price Performance

NYSE NRK traded up $0.05 during trading on Friday, hitting $10.50. 341,429 shares of the company traded hands, compared to its average volume of 412,493. Nuveen New York AMT-Free Quality Municipal Income Fund has a 12 month low of $9.30 and a 12 month high of $10.75. The business has a fifty day simple moving average of $10.20 and a 200 day simple moving average of $10.05.

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, March 2nd. Investors of record on Friday, February 13th will be issued a $0.069 dividend. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Friday, February 13th.

Institutional Investors Weigh In On Nuveen New York AMT-Free Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in NRK. Guggenheim Capital LLC boosted its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 9.6% during the 4th quarter. Guggenheim Capital LLC now owns 1,318,465 shares of the financial services provider’s stock valued at $13,303,000 after acquiring an additional 115,893 shares in the last quarter. Rivernorth Capital Management LLC lifted its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 102.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 1,273,220 shares of the financial services provider’s stock worth $12,847,000 after purchasing an additional 644,852 shares during the period. North Ground Capital boosted its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 11.6% during the fourth quarter. North Ground Capital now owns 601,212 shares of the financial services provider’s stock valued at $6,066,000 after purchasing an additional 62,562 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 77.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 529,103 shares of the financial services provider’s stock valued at $5,339,000 after purchasing an additional 231,617 shares during the period. Finally, Fiera Capital Corp bought a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter valued at approximately $4,650,000.

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.