Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Short Interest Drops 45.1%

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 1,510,536 shares, a decrease of 45.1% from the September 15th total of 2,750,725 shares. Based on an average daily trading volume, of 3,127,279 shares, the short-interest ratio is presently 0.5 days.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

NYSE:NEA traded up $0.03 during trading hours on Friday, reaching $10.06. The company had a trading volume of 2,920,988 shares, compared to its average volume of 1,114,983. The stock has a 50-day moving average of $10.63 and a two-hundred day moving average of $11.18. Nuveen AMT-Free Quality Municipal Income Fund has a one year low of $9.52 and a one year high of $11.90.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.0680 dividend. This represents a $0.82 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Thursday, October 15th.

Insider Activity at Nuveen AMT-Free Quality Municipal Income Fund

In related news, Portfolio Manager Michael Hamilton sold 2,676 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $9.93, for a total transaction of $26,572.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

Several large investors have recently made changes to their positions in the company. Melone Private Wealth LLC increased its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 14.6% during the 3rd quarter. Melone Private Wealth LLC now owns 988,236 shares of the company’s stock worth $9,833,000 after purchasing an additional 125,532 shares in the last quarter. Mystic Asset Management Inc. boosted its position in Nuveen AMT-Free Quality Municipal Income Fund by 18.9% in the third quarter. Mystic Asset Management Inc. now owns 37,666 shares of the company’s stock valued at $375,000 after buying an additional 6,000 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund in the third quarter valued at about $140,000. Invariant Investment Management acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund in the third quarter valued at about $190,000. Finally, Apeiron RIA LLC bought a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the third quarter worth about $149,000.

About Nuveen AMT-Free Quality Municipal Income Fund

Nuveen AMT-Free Quality Municipal Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol NEA. The fund seeks to provide current income that is generally exempt from regular federal income tax and the federal alternative minimum tax, while also pursuing the preservation of capital.

The fund invests primarily in municipal bonds and other tax-exempt municipal securities issued by states, local governments and related entities across the United States.