Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Short Interest Update

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) was the recipient of a large increase in short interest during 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 daily trading volume, of 442,824 shares, the days-to-cover ratio is presently 0.6 days.

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

Large investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in 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 buying an additional 5,734 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 39.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 50,778 shares of the financial services provider’s stock valued at $503,000 after acquiring an additional 14,326 shares during the period. Creative Planning bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 2nd quarter valued at approximately $112,000. Cetera Investment Advisers increased its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 17,174 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 1,077 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 45.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,243 shares of the financial services provider’s stock worth $92,000 after acquiring an additional 2,900 shares during the period.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Down 0.9%

NYSE:NRK traded down $0.10 on Friday, reaching $9.98. 574,884 shares of the stock traded hands, compared to its average volume of 398,347. Nuveen New York AMT-Free Quality Municipal Income Fund has a 12 month low of $9.30 and a 12 month high of $10.60. The company’s fifty day simple moving average is $10.29 and its 200 day simple moving average is $10.17.

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

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.069 per share. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Friday, March 13th.

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.