Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Short Interest Down 16.8% in February

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 197,600 shares, a decrease of 16.8% from the February 13th total of 237,400 shares. Based on an average daily volume of 604,400 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

NVG traded down $0.07 on Tuesday, reaching $12.34. The company’s stock had a trading volume of 306,802 shares, compared to its average volume of 570,215. The stock has a 50 day moving average of $12.57 and a two-hundred day moving average of $12.81. Nuveen AMT-Free Municipal Credit Income Fund has a fifty-two week low of $11.51 and a fifty-two week high of $13.56.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.079 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date of this dividend is Friday, March 14th.

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

A number of institutional investors and 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% in the fourth quarter. Captrust Financial Advisors now owns 105,616 shares of the company’s stock valued at $1,295,000 after buying an additional 804 shares during the last quarter. Community Bank N.A. lifted its stake in 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 valued at $61,000 after buying an additional 1,000 shares during the last quarter. XML Financial LLC lifted its stake in 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 valued at $149,000 after buying an additional 1,003 shares during the last quarter. Kercheville Advisors LLC lifted its stake in 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 valued at $313,000 after buying an additional 1,027 shares during the last quarter. Finally, Melone Private Wealth LLC lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 1.6% in the fourth quarter. Melone Private Wealth LLC now owns 74,188 shares of the company’s stock valued at $910,000 after buying an additional 1,176 shares during the last quarter.

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.