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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 274,800 shares, an increase of 39.1% from the February 28th total of 197,600 shares. Based on an average trading volume of 558,300 shares, the days-to-cover ratio is currently 0.5 days.

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

A number of hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 55.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 71,886 shares of the company’s stock valued at $881,000 after purchasing an additional 25,623 shares during the last quarter. Palogic Value Management L.P. grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 12.6% during the 4th quarter. Palogic Value Management L.P. now owns 174,441 shares of the company’s stock worth $2,139,000 after buying an additional 19,491 shares in the last quarter. Cornerstone Advisory LLC grew its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 17.9% during the 4th quarter. Cornerstone Advisory LLC now owns 426,182 shares of the company’s stock worth $5,391,000 after acquiring an additional 64,819 shares in the last quarter. Elequin Capital LP purchased a new position in Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter valued at approximately $116,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 4th quarter valued at $1,907,000.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

Shares of NVG stock opened at $12.27 on Monday. Nuveen AMT-Free Municipal Credit Income Fund has a one year low of $11.51 and a one year high of $13.56. The company’s fifty day moving average price is $12.58 and its 200-day moving average price is $12.76.

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 7.73%. The ex-dividend date of this dividend is Friday, March 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.