Short Interest in Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Decreases By 70.6%

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

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Noble Wealth Management PBC acquired a new stake in Nuveen AMT-Free Municipal Credit Income Fund in the fourth quarter valued at about $28,000. Geneos Wealth Management Inc. bought a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 4th quarter valued at approximately $28,000. Fortitude Family Office LLC acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund during the 3rd quarter worth approximately $44,000. Farther Finance Advisors LLC lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 510.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,650 shares of the company’s stock valued at $49,000 after purchasing an additional 3,052 shares during the last quarter. Finally, Community Bank N.A. boosted its position in Nuveen AMT-Free Municipal Credit Income Fund by 100.0% in the third quarter. Community Bank N.A. now owns 4,000 shares of the company’s stock valued at $54,000 after buying an additional 2,000 shares in the last quarter.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

Nuveen AMT-Free Municipal Credit Income Fund stock traded down $0.19 during mid-day trading on Wednesday, reaching $12.58. 629,563 shares of the company were exchanged, compared to its average volume of 506,087. The company has a fifty day simple moving average of $12.52 and a 200-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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.079 dividend. This represents a $0.95 dividend on an annualized basis and a dividend 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.