Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Short Interest Update

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 59,900 shares, a decrease of 70.6% from the January 15th total of 203,600 shares. Based on an average daily trading volume, of 643,700 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 24.8% during the 2nd quarter. Cetera Investment Advisers now owns 123,638 shares of the company’s stock valued at $1,541,000 after purchasing an additional 24,565 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the second quarter worth approximately $528,000. NBC Securities Inc. boosted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 26.0% during the third quarter. NBC Securities Inc. now owns 23,382 shares of the company’s stock worth $313,000 after acquiring an additional 4,830 shares during the period. Melfa Wealth Management Inc. grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 4.0% in the third quarter. Melfa Wealth Management Inc. now owns 182,573 shares of the company’s stock valued at $2,445,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Stratos Wealth Advisors LLC grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 52.6% in the third quarter. Stratos Wealth Advisors LLC now owns 65,177 shares of the company’s stock valued at $873,000 after purchasing an additional 22,469 shares during the last quarter.

Nuveen AMT-Free Municipal Credit Income Fund Trading Down 1.4 %

Shares of Nuveen AMT-Free Municipal Credit Income Fund stock traded down $0.19 on Wednesday, reaching $12.58. 629,563 shares of the company were exchanged, compared to its average volume of 506,087. Nuveen AMT-Free Municipal Credit Income Fund has a one year low of $11.51 and a one year high of $13.56. The company has a 50-day moving average of $12.52 and a 200 day moving average of $12.83.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.079 per share. This represents a $0.95 annualized dividend and a yield of 7.54%. The ex-dividend date is Friday, February 14th.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

Nuveen AMT-Free Municipal Credit 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 the United States. The fund invests in undervalued municipal securities and other related investments exempt from regular federal income taxes that are rated Baa/BBB or better by S&P, Moody’s, or Fitch, and that have an average maturity of 17.02 years.