Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Sees Large Drop in Short Interest

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 176,600 shares, a drop of 45.9% from the March 31st total of 326,300 shares. Based on an average daily volume of 1,108,000 shares, the short-interest ratio is presently 0.2 days.

Nuveen AMT-Free Quality Municipal Income Fund Stock Up 0.3 %

Shares of NYSE:NEA opened at $10.83 on Tuesday. Nuveen AMT-Free Quality Municipal Income Fund has a 12-month low of $10.00 and a 12-month high of $12.06. The business has a fifty day simple moving average of $11.11 and a 200 day simple moving average of $11.36.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.073 per share. This represents a $0.88 annualized dividend and a yield of 8.09%. The ex-dividend date of this dividend is Tuesday, April 15th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new position in Nuveen AMT-Free Quality Municipal Income Fund during the 1st quarter worth $28,000. JPMorgan Chase & Co. bought a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 3rd quarter worth about $31,000. Fifth Third Bancorp bought a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter worth about $33,000. American National Bank & Trust bought a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 1st quarter worth about $38,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 1st quarter worth about $49,000.

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.