Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Short Interest Up 134.8% in December

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 609,625 shares, a growth of 134.8% from the November 30th total of 259,676 shares. Based on an average daily trading volume, of 1,073,636 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 1,073,636 shares, the days-to-cover ratio is presently 0.6 days.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

Shares of NYSE NEA traded down $0.02 during trading hours on Friday, hitting $11.55. 980,242 shares of the stock were exchanged, compared to its average volume of 1,006,573. The company’s fifty day simple moving average is $11.53 and its two-hundred day simple moving average is $11.20. Nuveen AMT-Free Quality Municipal Income Fund has a 1-year low of $10.00 and a 1-year high of $11.72.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.068 dividend. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 7.1%.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. grew its position in Nuveen AMT-Free Quality Municipal Income Fund by 1.6% in the first quarter. Invesco Ltd. now owns 188,190 shares of the company’s stock valued at $2,108,000 after acquiring an additional 2,915 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 2.6% in the 1st quarter. Kestra Advisory Services LLC now owns 173,245 shares of the company’s stock valued at $1,940,000 after purchasing an additional 4,418 shares in the last quarter. Comerica Bank boosted its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 4.8% in the 1st quarter. Comerica Bank now owns 35,365 shares of the company’s stock valued at $396,000 after purchasing an additional 1,618 shares in the last quarter. Guggenheim Capital LLC lifted its stake in Nuveen AMT-Free Quality Municipal Income Fund by 2.6% in the 1st quarter. Guggenheim Capital LLC now owns 1,136,984 shares of the company’s stock valued at $12,734,000 after purchasing an additional 28,638 shares during the last quarter. Finally, WPG Advisers LLC bought a new position in Nuveen AMT-Free Quality Municipal Income Fund in the 1st quarter valued at approximately $39,000.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

Nuveen AMT-Free Quality Municipal Income Fund (NYSE: NEA) is a closed-end management investment company that seeks to provide high current income exempt from federal alternative minimum tax. The fund primarily invests in a diversified portfolio of investment-grade municipal bonds, focusing on securities that enjoy strong credit quality and are issued by states, municipalities and public authorities across the United States.

In constructing its portfolio, NEA emphasizes bonds that are rated investment grade by one or more major rating agencies, with an aim to balance income generation and risk management.