Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Short Interest Update

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) was the target of a large decrease in short interest in the month of 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 trading volume, of 1,103,400 shares, the short-interest ratio is presently 0.2 days.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

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

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter valued at approximately $23,264,000. Wells Fargo & Company MN lifted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 81.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,997,374 shares of the company’s stock worth $33,810,000 after purchasing an additional 1,349,195 shares during the period. Stratos Wealth Advisors LLC increased its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 192.3% during the third quarter. Stratos Wealth Advisors LLC now owns 497,008 shares of the company’s stock valued at $5,949,000 after buying an additional 326,960 shares during the period. Kovitz Investment Group Partners LLC bought a new position in Nuveen AMT-Free Quality Municipal Income Fund in the third quarter worth about $3,677,000. Finally, Broyhill Asset Management purchased a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter worth about $2,635,000.

About Nuveen AMT-Free Quality Municipal Income Fund

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.