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 target of a large increase in short interest in February. As of February 28th, there was short interest totalling 54,700 shares, an increase of 62.8% from the February 13th total of 33,600 shares. Based on an average daily volume of 240,400 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds 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 stock. Alpine Global Management LLC lifted its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 30.4% in the fourth quarter. Alpine Global Management LLC now owns 300,000 shares of the financial services provider’s stock valued at $3,138,000 after acquiring an additional 70,000 shares in the last quarter. Elequin Capital LP purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter valued at about $40,000. Nomura Holdings Inc. purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter valued at about $131,000. Lionshead Wealth Management LLC purchased a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the fourth quarter valued at about $915,000. Finally, Cetera Investment Advisers lifted its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 9.5% in the fourth quarter. Cetera Investment Advisers now owns 20,576 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 1,781 shares in the last quarter.

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

Shares of NRK traded down $0.10 during trading hours on Friday, hitting $10.45. The stock had a trading volume of 242,621 shares, compared to its average volume of 175,547. 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. The stock has a fifty day moving average price of $10.56 and a 200 day moving average price of $10.81.

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

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.069 dividend. This represents a $0.83 annualized dividend and a dividend 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.