Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Sees Significant Growth in Short Interest

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 301,100 shares, an increase of 780.4% from the October 31st total of 34,200 shares. Based on an average daily volume of 584,500 shares, the short-interest ratio is presently 0.5 days.

Nuveen AMT-Free Municipal Credit Income Fund Trading Up 1.0 %

Shares of NVG traded up $0.13 on Wednesday, reaching $13.13. 534,650 shares of the company’s stock were exchanged, compared to its average volume of 561,731. The business has a 50 day moving average price of $13.04 and a two-hundred day moving average price of $12.69. Nuveen AMT-Free Municipal Credit Income Fund has a 12 month low of $11.05 and a 12 month high of $13.56.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.079 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend is Friday, November 15th.

Insider Activity at Nuveen AMT-Free Municipal Credit Income Fund

In other Nuveen AMT-Free Municipal Credit Income Fund news, VP David J. Lamb bought 3,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were bought at an average cost of $12.44 per share, for a total transaction of $37,320.00. Following the transaction, the vice president now owns 3,000 shares in the company, valued at approximately $37,320. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

A number of institutional investors have recently made changes to their positions in NVG. Hennion & Walsh Asset Management Inc. grew its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 19.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 987,454 shares of the company’s stock valued at $13,222,000 after purchasing an additional 163,431 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 7.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 517,948 shares of the company’s stock valued at $6,935,000 after buying an additional 35,195 shares during the period. Raymond James & Associates increased its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 6.0% in the 3rd quarter. Raymond James & Associates now owns 497,411 shares of the company’s stock valued at $6,660,000 after buying an additional 28,325 shares in the last quarter. Congress Park Capital LLC raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 37.0% during the 3rd quarter. Congress Park Capital LLC now owns 370,000 shares of the company’s stock worth $4,954,000 after buying an additional 100,000 shares during the period. Finally, Kennedy Investment Group lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 9.9% during the second quarter. Kennedy Investment Group now owns 354,236 shares of the company’s stock worth $4,414,000 after acquiring an additional 31,907 shares in the last quarter.

About Nuveen AMT-Free Municipal Credit Income Fund

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.