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 significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 100,100 shares, a drop of 32.8% from the August 15th total of 148,900 shares. Based on an average trading volume of 1,019,200 shares, the days-to-cover ratio is presently 0.1 days.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

NYSE NEA remained flat at $11.83 during mid-day trading on Monday. 947,116 shares of the company were exchanged, compared to its average volume of 848,835. Nuveen AMT-Free Quality Municipal Income Fund has a 1 year low of $9.20 and a 1 year high of $11.86. The firm’s fifty day simple moving average is $11.58 and its two-hundred day simple moving average is $11.20.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.073 per share. The ex-dividend date is Friday, September 13th. This represents a $0.88 dividend on an annualized basis and a yield of 7.40%.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

A number of hedge funds have recently bought and sold shares of NEA. Karpus Management Inc. boosted its position in Nuveen AMT-Free Quality Municipal Income Fund by 14.6% during the fourth quarter. Karpus Management Inc. now owns 23,657,938 shares of the company’s stock worth $260,237,000 after acquiring an additional 3,008,939 shares during the last quarter. Fiera Capital Corp purchased a new position in Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth approximately $9,890,000. City of London Investment Management Co. Ltd. raised its stake in Nuveen AMT-Free Quality Municipal Income Fund by 489.3% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 677,551 shares of the company’s stock worth $7,453,000 after purchasing an additional 562,569 shares during the period. Mesirow Financial Investment Management Inc. purchased a new position in Nuveen AMT-Free Quality Municipal Income Fund during the first quarter worth approximately $4,833,000. Finally, Relative Value Partners Group LLC purchased a new position in Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth approximately $4,413,000.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

Nuveen AMT-Free Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of the United States. The fund primarily invests in undervalued municipal bonds that are exempt from federal income taxes, including the alternative minimum tax.