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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 274,800 shares, a growth of 39.1% from the February 28th total of 197,600 shares. Based on an average daily trading volume, of 558,300 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 0.8% in the 4th quarter. Captrust Financial Advisors now owns 105,616 shares of the company’s stock valued at $1,295,000 after acquiring an additional 804 shares during the last quarter. Community Bank N.A. raised its position in Nuveen AMT-Free Municipal Credit Income Fund by 25.0% in the fourth quarter. Community Bank N.A. now owns 5,000 shares of the company’s stock valued at $61,000 after purchasing an additional 1,000 shares during the last quarter. XML Financial LLC boosted its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 9.0% during the fourth quarter. XML Financial LLC now owns 12,156 shares of the company’s stock valued at $149,000 after purchasing an additional 1,003 shares in the last quarter. Kercheville Advisors LLC grew its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 4.2% during the fourth quarter. Kercheville Advisors LLC now owns 25,499 shares of the company’s stock worth $313,000 after purchasing an additional 1,027 shares during the last quarter. Finally, Melone Private Wealth LLC increased its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 1.6% in the fourth quarter. Melone Private Wealth LLC now owns 74,188 shares of the company’s stock valued at $910,000 after buying an additional 1,176 shares during the period.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

Nuveen AMT-Free Municipal Credit Income Fund stock traded up $0.05 during midday trading on Tuesday, reaching $12.43. The company’s stock had a trading volume of 587,537 shares, compared to its average volume of 569,051. Nuveen AMT-Free Municipal Credit Income Fund has a 52 week low of $11.51 and a 52 week high of $13.56. The business has a 50-day moving average price of $12.58 and a 200-day moving average price of $12.75.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The business 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 dividend of $0.079 per share. This represents a $0.95 dividend on an annualized basis and a yield of 7.63%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

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.