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


Share on StockTwits

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 140,700 shares, a drop of 23.9% from the March 31st total of 184,900 shares. Based on an average daily trading volume, of 344,600 shares, the short-interest ratio is currently 0.4 days.

A number of hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. purchased a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the first quarter valued at approximately $169,000. Community Bank N.A. boosted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 650.0% during the 1st quarter. Community Bank N.A. now owns 3,000 shares of the company’s stock worth $51,000 after purchasing an additional 2,600 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 4.7% during the first quarter. Commonwealth Equity Services LLC now owns 574,774 shares of the company’s stock worth $9,713,000 after buying an additional 25,834 shares in the last quarter. Danda Trouve Investment Management Inc. lifted its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 3.3% in the first quarter. Danda Trouve Investment Management Inc. now owns 213,904 shares of the company’s stock worth $3,615,000 after buying an additional 6,874 shares in the last quarter. Finally, Better Money Decisions LLC acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund during the first quarter worth about $188,000.

NYSE NVG traded up $0.13 on Tuesday, hitting $17.25. The company had a trading volume of 311,724 shares, compared to its average volume of 342,991. The company’s fifty day moving average price is $16.95 and its 200-day moving average price is $16.56. Nuveen AMT-Free Municipal Credit Income Fund has a 12-month low of $14.15 and a 12-month high of $17.29.

The business also recently declared a monthly dividend, which was paid on Monday, May 3rd. Investors of record on Thursday, April 15th were given a dividend of $0.0675 per share. The ex-dividend date was Wednesday, April 14th. This represents a $0.81 annualized dividend and a dividend yield of 4.70%.

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.

See Also: Why Invest in Dividend Kings

Receive News & Ratings for Nuveen AMT-Free Municipal Credit Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen AMT-Free Municipal Credit Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.