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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 274,800 shares, a growth of 39.1% from the February 28th total of 197,600 shares. Based on an average daily volume of 558,300 shares, the days-to-cover ratio is presently 0.5 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of NVG. Wealth Enhancement Advisory Services LLC lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 55.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 71,886 shares of the company’s stock worth $881,000 after purchasing an additional 25,623 shares during the last quarter. Palogic Value Management L.P. raised its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 12.6% during the 4th quarter. Palogic Value Management L.P. now owns 174,441 shares of the company’s stock valued at $2,139,000 after buying an additional 19,491 shares in the last quarter. Cornerstone Advisory LLC lifted its position in Nuveen AMT-Free Municipal Credit Income Fund by 17.9% in the 4th quarter. Cornerstone Advisory LLC now owns 426,182 shares of the company’s stock worth $5,391,000 after buying an additional 64,819 shares during the last quarter. Elequin Capital LP purchased a new stake in Nuveen AMT-Free Municipal Credit Income Fund in the fourth quarter worth approximately $116,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter valued at approximately $1,907,000.

Nuveen AMT-Free Municipal Credit Income Fund Trading Up 0.4 %

Shares of NVG stock opened at $12.43 on Wednesday. Nuveen AMT-Free Municipal Credit Income Fund has a 52-week low of $11.51 and a 52-week high of $13.56. The business’s fifty day moving average is $12.58 and its 200 day moving average is $12.75.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a $0.079 dividend. This represents a $0.95 annualized dividend and a dividend yield of 7.63%. The ex-dividend date of this dividend was Friday, March 14th.

About Nuveen AMT-Free Municipal Credit Income Fund

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.