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) saw a significant growth in short interest in 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 short-interest ratio is currently 0.2 days.

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

Shares of NRK stock opened at $10.45 on Monday. Nuveen New York AMT-Free Quality Municipal Income Fund has a 1-year low of $10.24 and a 1-year high of $11.36. The stock’s fifty day simple moving average is $10.56 and its 200-day simple moving average is $10.81.

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

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

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

Institutional investors have recently made changes to their positions in the stock. Ibex Wealth Advisors purchased a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter worth approximately $119,000. PFG Investments LLC raised its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 25.5% during the fourth quarter. PFG Investments LLC now owns 175,381 shares of the financial services provider’s stock worth $1,834,000 after acquiring an additional 35,587 shares in the last quarter. Dakota Wealth Management boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 9.9% during the fourth quarter. Dakota Wealth Management now owns 457,701 shares of the financial services provider’s stock valued at $4,788,000 after purchasing an additional 41,370 shares during the last quarter. Breakwater Capital Group grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 4.0% in the fourth quarter. Breakwater Capital Group now owns 50,943 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 1,979 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 3rd quarter worth about $295,000.

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.