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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 237,400 shares, a growth of 296.3% from the January 31st total of 59,900 shares. Based on an average daily volume of 612,500 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Nuveen AMT-Free Municipal Credit Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Noble Wealth Management PBC purchased a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter worth approximately $28,000. Geneos Wealth Management Inc. purchased a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter worth approximately $28,000. Farther Finance Advisors LLC lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 510.4% during the third quarter. Farther Finance Advisors LLC now owns 3,650 shares of the company’s stock worth $49,000 after purchasing an additional 3,052 shares during the last quarter. Community Bank N.A. lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 100.0% during the third quarter. Community Bank N.A. now owns 4,000 shares of the company’s stock worth $54,000 after purchasing an additional 2,000 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund during the third quarter worth approximately $76,000.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

Nuveen AMT-Free Municipal Credit Income Fund stock traded up $0.03 during midday trading on Friday, reaching $12.89. 599,332 shares of the stock traded hands, compared to its average volume of 483,255. The company has a 50-day simple moving average of $12.49 and a two-hundred day simple moving average of $12.83. Nuveen AMT-Free Municipal Credit Income Fund has a 12-month low of $11.51 and a 12-month high of $13.56.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $0.079 per share. This represents a $0.95 annualized dividend and a yield of 7.35%. 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.