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

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

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

A number of institutional investors have recently made changes to their positions in the stock. Gridiron Partners LLC raised its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 638.4% during the third quarter. Gridiron Partners LLC now owns 1,254,447 shares of the company’s stock worth $14,288,000 after acquiring an additional 1,084,569 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 145.7% in the second quarter. Rockefeller Capital Management L.P. now owns 1,045,392 shares of the company’s stock valued at $11,416,000 after acquiring an additional 619,953 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Nuveen AMT-Free Quality Municipal Income Fund by 19.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,773,541 shares of the company’s stock valued at $20,626,000 after purchasing an additional 289,543 shares during the period. Raymond James Financial Inc. increased its position in Nuveen AMT-Free Quality Municipal Income Fund by 11.3% during the 3rd quarter. Raymond James Financial Inc. now owns 2,210,688 shares of the company’s stock valued at $25,180,000 after purchasing an additional 224,720 shares during the period. Finally, Melone Private Wealth LLC raised its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 51.3% during the 4th quarter. Melone Private Wealth LLC now owns 651,892 shares of the company’s stock worth $7,582,000 after purchasing an additional 220,961 shares during the last quarter.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

Shares of NEA stock traded down $0.05 during trading hours on Friday, hitting $11.72. 667,663 shares of the company’s stock traded hands, compared to its average volume of 800,133. The stock’s 50 day simple moving average is $11.59 and its 200 day simple moving average is $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 announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be given a dividend of $0.068 per share. This represents a c) annualized dividend 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.