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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 237,400 shares, an increase of 296.3% from the January 31st total of 59,900 shares. Based on an average daily trading volume, of 612,500 shares, the short-interest ratio is presently 0.4 days.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

NVG stock opened at $12.89 on Friday. Nuveen AMT-Free Municipal Credit Income Fund has a 52 week low of $11.51 and a 52 week high of $13.56. The firm’s 50-day moving average is $12.49 and its two-hundred day moving average is $12.83.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.079 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.95 annualized dividend and a dividend yield of 7.35%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Captrust Financial Advisors lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 0.8% during the fourth quarter. Captrust Financial Advisors now owns 105,616 shares of the company’s stock valued at $1,295,000 after buying an additional 804 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 2.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 46,263 shares of the company’s stock worth $619,000 after purchasing an additional 951 shares in the last quarter. Community Bank N.A. lifted its position in Nuveen AMT-Free Municipal Credit Income Fund by 25.0% in the 4th quarter. Community Bank N.A. now owns 5,000 shares of the company’s stock worth $61,000 after buying an additional 1,000 shares in the last quarter. XML Financial LLC boosted its position in 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 during the last quarter. Finally, Kercheville Advisors LLC lifted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 4.2% during the 4th quarter. Kercheville Advisors LLC now owns 25,499 shares of the company’s stock valued at $313,000 after buying an additional 1,027 shares during the last quarter.

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.