Short Interest in Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Rises By 19.3%

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEAGet Rating) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 117,900 shares, an increase of 19.3% from the March 31st total of 98,800 shares. Based on an average daily volume of 866,500 shares, the days-to-cover ratio is currently 0.1 days.

Several institutional investors and hedge funds have recently made changes to their positions in NEA. CWM LLC bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter worth approximately $26,000. Carroll Financial Associates Inc. bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter worth approximately $27,000. Confluence Wealth Services Inc. bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter worth approximately $28,000. Chilton Capital Management LLC bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter worth approximately $29,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 3rd quarter worth approximately $38,000.

Shares of Nuveen AMT-Free Quality Municipal Income Fund stock opened at $12.33 on Wednesday. Nuveen AMT-Free Quality Municipal Income Fund has a 1 year low of $12.31 and a 1 year high of $16.00. The company’s 50 day moving average is $13.06.

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th were issued a $0.052 dividend. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.06%.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile (Get Rating)

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.

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