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 increase in short interest during the month of February. As of February 27th, there was short interest totaling 149,139 shares, an increase of 176.5% from the February 12th total of 53,938 shares. Based on an average trading volume of 435,680 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 435,680 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Down 0.3%

Shares of NYSE NRK traded down $0.04 during trading on Wednesday, reaching $10.46. 353,707 shares of the stock traded hands, compared to its average volume of 418,602. Nuveen New York AMT-Free Quality Municipal Income Fund has a 52-week low of $9.30 and a 52-week high of $10.64. The company has a 50-day moving average of $10.27 and a 200-day moving average of $10.12.

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

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.069 dividend. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Friday, March 13th.

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

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

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.