Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Sees Large Drop in Short Interest

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRKGet Rating) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totalling 10,600 shares, a decline of 80.4% from the April 15th total of 54,200 shares. Based on an average daily volume of 191,400 shares, the days-to-cover ratio is currently 0.1 days.

In related news, VP Michael A. Perry sold 44,762 shares of Nuveen New York AMT-Free Quality Municipal Income Fund stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $10.88, for a total transaction of $487,010.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Large investors have recently added to or reduced their stakes in the stock. Mariner LLC grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 4.5% during the third quarter. Mariner LLC now owns 41,457 shares of the financial services provider’s stock worth $573,000 after acquiring an additional 1,800 shares during the period. Guggenheim Capital LLC grew its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 8.1% during the third quarter. Guggenheim Capital LLC now owns 406,989 shares of the financial services provider’s stock worth $5,629,000 after acquiring an additional 30,633 shares during the period. Claybrook Capital LLC purchased a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 3rd quarter worth about $10,958,000. Rivernorth Capital Management LLC increased its stake in Nuveen New York AMT-Free Quality Municipal Income Fund by 23.2% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,616,467 shares of the financial services provider’s stock worth $36,186,000 after purchasing an additional 492,850 shares in the last quarter. Finally, Veritable L.P. purchased a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 3rd quarter worth about $1,000,000.

NYSE:NRK traded up $0.04 during mid-day trading on Wednesday, reaching $10.91. 24,918 shares of the stock were exchanged, compared to its average volume of 171,936. The business’s fifty day moving average price is $11.72. Nuveen New York AMT-Free Quality Municipal Income Fund has a 1-year low of $10.83 and a 1-year high of $14.45.

The company also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be issued a dividend of $0.048 per share. This represents a $0.58 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Thursday, May 12th.

About Nuveen New York AMT-Free Quality Municipal Income Fund (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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