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 target of a significant drop in short interest in 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 trading volume of 226,300 shares, the short-interest ratio is currently 0.3 days.

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

Shares of NYSE:NRK traded down $0.02 during mid-day trading on Monday, hitting $10.52. The stock had a trading volume of 352,919 shares, compared to its average volume of 206,791. Nuveen New York AMT-Free Quality Municipal Income Fund has a 12-month low of $10.23 and a 12-month high of $11.36. The company’s 50 day moving average is $10.63 and its 200-day moving average is $10.90.

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

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.83 dividend on an annualized basis and a yield of 7.87%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Transcend Capital Advisors LLC grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 16.4% in the 4th quarter. Transcend Capital Advisors LLC now owns 1,028,022 shares of the financial services provider’s stock valued at $10,753,000 after buying an additional 144,619 shares during the last quarter. Robinson Capital Management LLC grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 115.4% in the 4th quarter. Robinson Capital Management LLC now owns 432,967 shares of the financial services provider’s stock valued at $4,529,000 after buying an additional 231,963 shares during the last quarter. Seelaus Asset Management LLC acquired a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter valued at $116,000. Leisure Capital Management grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 139.6% in the 4th quarter. Leisure Capital Management now owns 30,153 shares of the financial services provider’s stock valued at $315,000 after buying an additional 17,570 shares during the last quarter. Finally, Ibex Wealth Advisors acquired a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter valued at $119,000.

About Nuveen New York AMT-Free Quality Municipal Income Fund

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.