Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Short Interest Update

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 922,919 shares, an increase of 51.4% from the December 15th total of 609,625 shares. Based on an average trading volume of 1,113,616 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 1,113,616 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Nuveen AMT-Free Quality Municipal Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new position in Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter worth $31,000. Fortitude Family Office LLC boosted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 49.3% in the 2nd quarter. Fortitude Family Office LLC now owns 3,030 shares of the company’s stock worth $33,000 after buying an additional 1,000 shares during the last quarter. Traub Capital Management LLC bought a new position in Nuveen AMT-Free Quality Municipal Income Fund during the second quarter valued at about $34,000. Fifth Third Bancorp purchased a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the third quarter worth about $42,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the second quarter worth about $46,000.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

Shares of NEA traded down $0.05 during trading hours on Friday, reaching $11.72. The stock had a trading volume of 667,663 shares, compared to its average volume of 800,133. The firm has a 50-day simple moving average of $11.59 and a 200 day simple moving average of $11.29. Nuveen AMT-Free Quality Municipal Income Fund has a 12 month low of $10.00 and a 12 month high of $11.83.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.068 per share. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Thursday, January 15th.

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.