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 in January. As of January 30th, there was short interest totaling 148,497 shares, an increase of 34.9% from the January 15th total of 110,040 shares. Based on an average daily volume of 351,897 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 351,897 shares, the short-interest ratio is presently 0.4 days.

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

NYSE:NRK traded down $0.03 on Friday, reaching $10.22. 498,136 shares of the company’s stock traded hands, compared to its average volume of 405,555. The stock has a 50-day simple moving average of $10.13 and a 200-day simple moving average of $9.99. 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.

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, March 2nd. Shareholders of record on Friday, February 13th will be paid a $0.069 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Friday, February 13th.

Hedge Funds Weigh In On Nuveen New York AMT-Free Quality Municipal Income Fund

Several hedge funds have recently modified their holdings of NRK. First Horizon Corp purchased a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the third quarter valued at $26,000. CWM LLC boosted its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 1,205.5% during the 3rd quarter. CWM LLC now owns 3,786 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 3,496 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the fourth quarter valued at about $44,000. Elyxium Wealth LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the fourth quarter valued at about $69,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter worth about $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.