Short Interest in Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Declines By 43.1%

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 76,600 shares, a decrease of 43.1% from the March 15th total of 134,700 shares. Based on an average daily volume of 230,500 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Nuveen New York AMT-Free Quality Municipal Income Fund

Several large investors have recently made changes to their positions in the stock. Cetera Investment Advisers increased its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 9.5% during the fourth quarter. Cetera Investment Advisers now owns 20,576 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 1,781 shares during the period. Breakwater Capital Group increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 4.0% in the 4th quarter. Breakwater Capital Group now owns 50,943 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 1,979 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 6.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 39,679 shares of the financial services provider’s stock valued at $415,000 after buying an additional 2,289 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 18.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 18,702 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 2,903 shares during the last quarter. Finally, Elequin Capital LP purchased a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the fourth quarter worth approximately $40,000.

Nuveen New York AMT-Free Quality Municipal Income Fund Trading Down 0.2 %

NYSE NRK opened at $9.95 on Friday. Nuveen New York AMT-Free Quality Municipal Income Fund has a twelve month low of $9.52 and a twelve month high of $11.36. The stock has a fifty day simple moving average of $10.36 and a 200-day simple moving average of $10.63.

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

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.069 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 8.33%. The ex-dividend date is Tuesday, April 15th.

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.