Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Short Interest Update

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVGGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 52,300 shares, an increase of 90.9% from the April 15th total of 27,400 shares. Based on an average trading volume of 544,800 shares, the short-interest ratio is presently 0.1 days.

Large investors have recently modified their holdings of the company. First Trust Advisors LP raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 36.5% in the first quarter. First Trust Advisors LP now owns 91,928 shares of the company’s stock worth $1,389,000 after buying an additional 24,573 shares in the last quarter. First Horizon Advisors Inc. bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 3rd quarter worth approximately $38,000. Creative Planning lifted its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 10.4% in the 3rd quarter. Creative Planning now owns 214,250 shares of the company’s stock valued at $3,674,000 after purchasing an additional 20,241 shares during the period. BOKF NA purchased a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 3rd quarter valued at approximately $1,550,000. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 61.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 40,703 shares of the company’s stock valued at $698,000 after purchasing an additional 15,564 shares during the period.

Shares of NYSE:NVG opened at $13.27 on Friday. The company has a 50-day moving average price of $14.22 and a 200-day moving average price of $15.93. Nuveen AMT-Free Municipal Credit Income Fund has a 12 month low of $13.20 and a 12 month high of $18.27.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be paid a dividend of $0.064 per share. This represents a $0.77 annualized dividend and a dividend yield of 5.79%. The ex-dividend date of this dividend is Thursday, May 12th.

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

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.

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