Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG – Get Free Report) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 63,100 shares, a decrease of 39.0% from the December 15th total of 103,500 shares. Based on an average daily trading volume, of 689,500 shares, the short-interest ratio is currently 0.1 days.
Insider Activity
In other news, VP David J. Lamb bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average cost of $12.44 per share, with a total value of $37,320.00. Following the transaction, the vice president now directly owns 3,000 shares in the company, valued at $37,320. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of NVG. Melone Private Wealth LLC boosted its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 1.6% during the fourth quarter. Melone Private Wealth LLC now owns 74,188 shares of the company’s stock worth $910,000 after buying an additional 1,176 shares during the period. Sanctuary Advisors LLC raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 6.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 48,555 shares of the company’s stock valued at $626,000 after acquiring an additional 2,920 shares during the last quarter. Gould Capital LLC lifted its position in Nuveen AMT-Free Municipal Credit Income Fund by 4.4% during the 3rd quarter. Gould Capital LLC now owns 167,904 shares of the company’s stock worth $2,248,000 after acquiring an additional 7,141 shares during the period. MML Investors Services LLC grew its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 11.3% in the 3rd quarter. MML Investors Services LLC now owns 26,666 shares of the company’s stock valued at $357,000 after purchasing an additional 2,704 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the third quarter valued at approximately $197,000.
Nuveen AMT-Free Municipal Credit Income Fund Price Performance
Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a dividend of $0.079 per share. This represents a $0.95 dividend on an annualized basis and a yield of 7.72%. The ex-dividend date is Wednesday, January 15th.
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.
Further Reading
- Five stocks we like better than Nuveen AMT-Free Municipal Credit Income Fund
- Do ETFs Pay Dividends? What You Need to Know
- The Fed Is More Likely to Hike Than Cut Rates in 2025
- 3 REITs to Buy and Hold for the Long Term
- Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil
- How to Read Stock Charts for Beginners
- Archer Aviation Shares Slide, Now Bargain Priced for 2025
Receive News & Ratings for Nuveen AMT-Free Municipal Credit Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen AMT-Free Municipal Credit Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.