Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK – Get Free Report) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 54,700 shares, a growth of 62.8% from the February 13th total of 33,600 shares. Based on an average daily trading volume, of 240,400 shares, the days-to-cover ratio is presently 0.2 days.
Nuveen New York AMT-Free Quality Municipal Income Fund Price Performance
NRK stock traded down $0.10 during trading on Friday, reaching $10.45. 242,621 shares of the company were exchanged, compared to its average volume of 175,547. The company has a 50-day moving average of $10.56 and a two-hundred day moving average of $10.81. Nuveen New York AMT-Free Quality Municipal Income Fund has a twelve month low of $10.24 and a twelve month high of $11.36.
Nuveen New York AMT-Free Quality Municipal Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.069 per share. This represents a $0.83 dividend on an annualized basis and a yield of 7.93%. The ex-dividend date is Friday, March 14th.
Hedge Funds Weigh In On Nuveen New York AMT-Free Quality Municipal Income Fund
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.
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