Short Interest in Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Declines By 16.8%

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 197,600 shares, a drop of 16.8% from the February 13th total of 237,400 shares. Based on an average trading volume of 604,400 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Credit Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 70.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,524,382 shares of the company’s stock worth $18,689,000 after purchasing an additional 631,015 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 38.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,365,195 shares of the company’s stock valued at $16,737,000 after acquiring an additional 377,741 shares during the last quarter. Bank of America Corp DE raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 3.4% in the 4th quarter. Bank of America Corp DE now owns 1,316,158 shares of the company’s stock valued at $16,136,000 after purchasing an additional 43,044 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 10.6% in the 4th quarter. Guggenheim Capital LLC now owns 1,282,718 shares of the company’s stock valued at $15,726,000 after purchasing an additional 122,940 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 4th quarter worth about $11,752,000.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

Shares of NVG traded down $0.08 on Wednesday, reaching $12.26. The stock had a trading volume of 403,017 shares, compared to its average volume of 570,253. The firm has a 50-day moving average of $12.57 and a 200 day moving average of $12.81. Nuveen AMT-Free Municipal Credit Income Fund has a twelve month low of $11.51 and a twelve month high of $13.56.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.079 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.95 annualized dividend and a dividend yield of 7.73%.

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.