Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Short Interest Up 121.3% in March

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRKGet Rating) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 56,200 shares, a growth of 121.3% from the March 15th total of 25,400 shares. Based on an average trading volume of 158,900 shares, the days-to-cover ratio is currently 0.4 days.

A number of institutional investors and hedge funds have recently modified their holdings of NRK. Kestra Advisory Services LLC grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 95.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 26,594 shares of the financial services provider’s stock worth $368,000 after buying an additional 12,977 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 7.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 81,285 shares of the financial services provider’s stock worth $1,124,000 after buying an additional 5,754 shares during the last quarter. Mathes Company Inc. grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 110.0% during the 3rd quarter. Mathes Company Inc. now owns 42,000 shares of the financial services provider’s stock worth $581,000 after buying an additional 22,000 shares during the last quarter. Bickling Financial Services Inc. bought a new position in Nuveen New York AMT-Free Quality Municipal Income Fund during the 3rd quarter worth $244,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 18.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,387 shares of the financial services provider’s stock worth $240,000 after buying an additional 2,648 shares during the last quarter.

Shares of NYSE NRK opened at $11.43 on Friday. The business has a 50 day simple moving average of $12.25 and a 200-day simple moving average of $13.16. Nuveen New York AMT-Free Quality Municipal Income Fund has a twelve month low of $11.43 and a twelve month high of $14.45.

The business also recently disclosed a monthly dividend, which will be paid on Monday, May 2nd. Investors of record on Thursday, April 14th will be paid a dividend of $0.048 per share. The ex-dividend date is Wednesday, April 13th. This represents a $0.58 dividend on an annualized basis and a yield of 5.04%.

Nuveen New York AMT-Free Quality Municipal Income Fund Company Profile (Get Rating)

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.

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