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 large decline in short interest during the month of November. As of November 15th, there was short interest totalling 195,600 shares, a decline of 16.4% from the October 31st total of 234,100 shares. Based on an average trading volume of 1,059,300 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Coastline Trust Co purchased a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 3rd quarter valued at $25,000. Luken Investment Analytics LLC purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 2nd quarter worth about $27,000. Eastern Bank purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 3rd quarter worth about $28,000. Hobbs Group Advisors LLC acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 2nd quarter valued at about $29,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 3rd quarter valued at approximately $36,000.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

NEA stock opened at $11.89 on Friday. The company’s 50 day simple moving average is $11.72 and its 200-day simple moving average is $11.52. Nuveen AMT-Free Quality Municipal Income Fund has a 52-week low of $10.53 and a 52-week high of $12.06.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.073 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.88 annualized dividend and a dividend yield of 7.37%.

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.