Short Interest in Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Drops By 16.6%

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 57,700 shares, a drop of 16.6% from the December 31st total of 69,200 shares. Based on an average daily volume of 226,300 shares, the short-interest ratio is currently 0.3 days.

Nuveen New York AMT-Free Quality Municipal Income Fund Trading Down 0.1 %

NRK stock traded down $0.02 during trading on Monday, hitting $10.52. 352,919 shares of the stock traded hands, compared to its average volume of 206,791. Nuveen New York AMT-Free Quality Municipal Income Fund has a one year low of $10.23 and a one year high of $11.36. The company has a 50 day simple moving average of $10.63 and a 200 day simple moving average of $10.90.

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

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a $0.069 dividend. This represents a $0.83 annualized dividend and a yield of 7.87%. The ex-dividend date of this dividend is Wednesday, January 15th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Breakwater Capital Group grew its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 4.0% during the 4th quarter. Breakwater Capital Group now owns 50,943 shares of the financial services provider’s stock worth $533,000 after buying an additional 1,979 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 3rd quarter worth approximately $295,000. Virtu Financial LLC acquired a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the 3rd quarter worth approximately $291,000. Stifel Financial Corp grew its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 8.3% during the 3rd quarter. Stifel Financial Corp now owns 118,332 shares of the financial services provider’s stock worth $1,325,000 after buying an additional 9,058 shares during the period. Finally, HighTower Advisors LLC grew its position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 0.8% during the 3rd quarter. HighTower Advisors LLC now owns 659,890 shares of the financial services provider’s stock worth $7,392,000 after buying an additional 5,470 shares during the period.

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.