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

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 178,900 shares, a decrease of 31.4% from the January 15th total of 260,900 shares. Based on an average daily volume of 1,103,400 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

NYSE NEA traded up $0.01 on Friday, hitting $11.56. The stock had a trading volume of 911,339 shares, compared to its average volume of 952,688. Nuveen AMT-Free Quality Municipal Income Fund has a 52-week low of $10.53 and a 52-week high of $12.06. The firm has a 50-day moving average of $11.37 and a 200-day moving average of $11.59.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.073 dividend. This represents a $0.88 annualized dividend and a yield of 7.58%. The ex-dividend date is Friday, February 14th.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning increased its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 13.7% in the 3rd quarter. Creative Planning now owns 28,681 shares of the company’s stock worth $343,000 after buying an additional 3,461 shares during the last quarter. FLC Capital Advisors grew its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 68.8% during the 3rd quarter. FLC Capital Advisors now owns 35,576 shares of the company’s stock valued at $426,000 after purchasing an additional 14,500 shares during the last quarter. Good Life Advisors LLC grew its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 4.8% during the 3rd quarter. Good Life Advisors LLC now owns 22,802 shares of the company’s stock valued at $273,000 after purchasing an additional 1,040 shares during the last quarter. Stratos Wealth Advisors LLC grew its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 192.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 497,008 shares of the company’s stock valued at $5,949,000 after purchasing an additional 326,960 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 6.5% during the 3rd quarter. Raymond James & Associates now owns 939,995 shares of the company’s stock valued at $11,252,000 after purchasing an additional 57,610 shares during the last quarter.

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.