Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Short Interest Update

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 570,686 shares, an increase of 59.1% from the July 30th total of 358,688 shares. Based on an average daily volume of 258,436 shares, the short-interest ratio is currently 2.2 days.

Institutional Trading of Nuveen New York AMT-Free Quality Municipal Income Fund

Several hedge funds have recently added to or reduced their stakes in NRK. HighTower Advisors LLC boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 0.6% during the 2nd quarter. HighTower Advisors LLC now owns 440,190 shares of the financial services provider’s stock worth $4,719,000 after acquiring an additional 2,552 shares during the period. Readystate Asset Management LP acquired a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the second quarter valued at $198,000. Susquehanna International Group LLP raised its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 8.3% during the second quarter. Susquehanna International Group LLP now owns 52,683 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 4,044 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 14.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 830,423 shares of the financial services provider’s stock valued at $8,902,000 after purchasing an additional 103,864 shares in the last quarter. Finally, Breakwater Capital Group raised its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 95.0% during the second quarter. Breakwater Capital Group now owns 44,086 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 21,479 shares in the last quarter.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Performance

Shares of NYSE:NRK opened at $10.09 on Thursday. The firm’s 50 day moving average is $10.47 and its two-hundred day moving average is $10.45. Nuveen New York AMT-Free Quality Municipal Income Fund has a 52 week low of $9.44 and a 52 week high of $10.90.

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

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.0655 dividend. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

About Nuveen New York AMT-Free Quality Municipal Income Fund

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State personal income taxes, including the alternative minimum tax. The fund primarily invests in investment-grade municipal securities issued by or on behalf of public authorities and municipalities located in New York. Its portfolio is broadly diversified across metropolitan areas, local school districts, transportation authorities and other state and local entities.

Managed by Nuveen Asset Management LLC, a subsidiary of TIAA that specializes in municipal bond investing, NRK employs a disciplined, quality-focused approach to security selection.