Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Short Interest Up 44.6% in January

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 1,334,695 shares, a growth of 44.6% from the December 31st total of 922,919 shares. Based on an average trading volume of 813,420 shares, the short-interest ratio is presently 1.6 days. Based on an average trading volume of 813,420 shares, the short-interest ratio is presently 1.6 days.

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

Large investors have recently modified their holdings of the business. Noble Wealth Management PBC acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at about $31,000. Traub Capital Management LLC bought a new position in Nuveen AMT-Free Quality Municipal Income Fund in the second quarter valued at approximately $34,000. Fifth Third Bancorp bought a new position in Nuveen AMT-Free Quality Municipal Income Fund in the third quarter valued at approximately $42,000. Caldwell Trust Co acquired a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 2nd quarter worth approximately $53,000. Finally, Global Wealth Strategies & Associates bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 3rd quarter worth approximately $54,000.

Nuveen AMT-Free Quality Municipal Income Fund Stock Up 0.3%

Shares of NEA opened at $11.71 on Tuesday. Nuveen AMT-Free Quality Municipal Income Fund has a twelve month low of $10.00 and a twelve month high of $11.83. The company has a 50 day moving average of $11.61 and a 200-day moving average of $11.35.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 15th were given a $0.068 dividend. The ex-dividend date of this dividend was Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

Nuveen AMT-Free Quality Municipal Income Fund (NYSE: NEA) is a closed-end management investment company that seeks to provide high current income exempt from federal alternative minimum tax. The fund primarily invests in a diversified portfolio of investment-grade municipal bonds, focusing on securities that enjoy strong credit quality and are issued by states, municipalities and public authorities across the United States.

In constructing its portfolio, NEA emphasizes bonds that are rated investment grade by one or more major rating agencies, with an aim to balance income generation and risk management.