Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA – Get Free Report) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 216,500 shares, a drop of 40.0% from the February 13th total of 360,700 shares. Based on an average daily volume of 1,087,700 shares, the short-interest ratio is presently 0.2 days.
Nuveen AMT-Free Quality Municipal Income Fund Stock Performance
NEA traded down $0.12 during midday trading on Friday, hitting $11.26. 778,943 shares of the company traded hands, compared to its average volume of 971,860. Nuveen AMT-Free Quality Municipal Income Fund has a 52-week low of $10.53 and a 52-week high of $12.06. The business has a 50 day simple moving average of $11.43 and a two-hundred day simple moving average of $11.57.
Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.073 per share. This represents a $0.88 annualized dividend and a yield of 7.78%. The ex-dividend date of this dividend is Friday, March 14th.
Hedge Funds Weigh In On Nuveen AMT-Free Quality Municipal Income Fund
About Nuveen AMT-Free Quality Municipal Income Fund
Nuveen 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 Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of the United States. The fund primarily invests in undervalued municipal bonds that are exempt from federal income taxes, including the alternative minimum tax.
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