Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Sees Large Growth in Short Interest

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) was the recipient of 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 short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Credit Income Fund

Institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new position in Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter valued at approximately $28,000. Noble Wealth Management PBC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 4th quarter worth approximately $28,000. Community Bank N.A. increased its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 100.0% during the 3rd quarter. Community Bank N.A. now owns 4,000 shares of the company’s stock valued at $54,000 after purchasing an additional 2,000 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 3rd quarter valued at $76,000. Finally, Elequin Capital LP purchased a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter worth $116,000.

Nuveen AMT-Free Municipal Credit Income Fund Stock Up 0.5 %

Nuveen AMT-Free Municipal Credit Income Fund stock opened at $12.27 on Monday. The stock has a 50-day moving average price of $12.58 and a 200 day moving average price of $12.76. Nuveen AMT-Free Municipal Credit Income Fund has a 52 week low of $11.51 and a 52 week high of $13.56.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.079 per share. The ex-dividend date is Friday, March 14th. This represents a $0.95 annualized dividend and a dividend yield of 7.73%.

About Nuveen AMT-Free Municipal Credit Income Fund

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.