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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) saw a significant growth in short interest in 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 trading volume, of 612,500 shares, the short-interest ratio is currently 0.4 days.

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

Several hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 0.8% during the fourth quarter. Captrust Financial Advisors now owns 105,616 shares of the company’s stock worth $1,295,000 after purchasing an additional 804 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 2.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 46,263 shares of the company’s stock worth $619,000 after purchasing an additional 951 shares during the last quarter. Community Bank N.A. increased its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 25.0% in the fourth quarter. Community Bank N.A. now owns 5,000 shares of the company’s stock worth $61,000 after buying an additional 1,000 shares during the period. XML Financial LLC increased its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 9.0% in the fourth quarter. XML Financial LLC now owns 12,156 shares of the company’s stock worth $149,000 after buying an additional 1,003 shares during the period. Finally, Kercheville Advisors LLC increased its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 4.2% in the fourth quarter. Kercheville Advisors LLC now owns 25,499 shares of the company’s stock worth $313,000 after buying an additional 1,027 shares during the period.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

NYSE:NVG traded up $0.03 during trading hours on Friday, hitting $12.89. 599,332 shares of the company’s stock traded hands, compared to its average volume of 483,255. Nuveen AMT-Free Municipal Credit Income Fund has a 52 week low of $11.51 and a 52 week high of $13.56. The business’s fifty day simple moving average is $12.49 and its two-hundred day simple moving average is $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 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 of this dividend 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.