Short Interest in Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Increases By 62.8%

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 54,700 shares, a growth of 62.8% from the February 13th total of 33,600 shares. Based on an average daily volume of 240,400 shares, the days-to-cover ratio is currently 0.2 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Elequin Capital LP purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter valued at approximately $40,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter valued at approximately $55,000. Wolverine Asset Management LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 3rd quarter valued at approximately $64,000. Seelaus Asset Management LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter valued at approximately $116,000. Finally, Ibex Wealth Advisors purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter valued at approximately $119,000.

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

NRK traded down $0.10 on Friday, hitting $10.45. 242,621 shares of the company were exchanged, compared to its average volume of 175,547. The firm has a fifty day simple moving average of $10.56 and a two-hundred day simple moving average of $10.81. Nuveen New York AMT-Free Quality Municipal Income Fund has a 12 month low of $10.24 and a 12 month high of $11.36.

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

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.069 dividend. This represents a $0.83 annualized dividend and a yield of 7.93%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen New York AMT-Free Quality Municipal Income Fund Company Profile

Nuveen New York AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years.