Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Short Interest Down 40.0% in February

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 216,500 shares, a decline of 40.0% from the February 13th total of 360,700 shares. Based on an average daily trading volume, of 1,087,700 shares, the short-interest ratio is currently 0.2 days.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

NYSE:NEA traded down $0.03 during mid-day trading on Monday, hitting $11.24. 289,369 shares of the stock traded hands, compared to its average volume of 971,258. Nuveen AMT-Free Quality Municipal Income Fund has a 52 week low of $10.53 and a 52 week high of $12.06. The firm’s 50 day moving average is $11.43 and its two-hundred day moving average is $11.57.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.073 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.88 annualized dividend and a yield of 7.80%.

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

Several institutional investors have recently added to or reduced their stakes in the business. Coastline Trust Co acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund during the third quarter valued at $25,000. JPMorgan Chase & Co. purchased a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 3rd quarter valued at about $31,000. Fifth Third Bancorp acquired a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter valued at about $33,000. FSA Wealth Management LLC purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the third quarter worth about $36,000. Finally, Park Square Financial Group LLC acquired a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth about $52,000.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

Nuveen AMT-Free Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of the United States. The fund primarily invests in undervalued municipal bonds that are exempt from federal income taxes, including the alternative minimum tax.