Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Short Interest Down 32.8% in August

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 100,100 shares, a drop of 32.8% from the August 15th total of 148,900 shares. Based on an average daily volume of 1,019,200 shares, the days-to-cover ratio is currently 0.1 days.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

Shares of NEA traded up $0.07 during midday trading on Friday, hitting $11.83. The stock had a trading volume of 967,808 shares, compared to its average volume of 848,280. The company has a 50 day simple moving average of $11.58 and a two-hundred day simple moving average of $11.20. Nuveen AMT-Free Quality Municipal Income Fund has a twelve month low of $9.20 and a twelve month high of $11.84.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a $0.073 dividend. This represents a $0.88 annualized dividend and a dividend yield of 7.40%. The ex-dividend date of this dividend is Friday, September 13th.

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

Several hedge funds have recently modified their holdings of NEA. Karpus Management Inc. grew its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 14.6% in the 4th quarter. Karpus Management Inc. now owns 23,657,938 shares of the company’s stock valued at $260,237,000 after acquiring an additional 3,008,939 shares in the last quarter. Fiera Capital Corp bought a new position in Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth about $9,890,000. City of London Investment Management Co. Ltd. grew its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 489.3% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 677,551 shares of the company’s stock worth $7,453,000 after purchasing an additional 562,569 shares during the period. Mesirow Financial Investment Management Inc. bought a new position in Nuveen AMT-Free Quality Municipal Income Fund during the first quarter worth about $4,833,000. Finally, Relative Value Partners Group LLC bought a new position in Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth about $4,413,000.

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.