Short Interest in Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Expands By 44.6%

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 1,334,695 shares, a growth of 44.6% from the December 31st total of 922,919 shares. Based on an average trading volume of 813,420 shares, the days-to-cover ratio is currently 1.6 days. Based on an average trading volume of 813,420 shares, the days-to-cover ratio is currently 1.6 days.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

Shares of NEA stock opened at $11.67 on Friday. The firm has a 50-day moving average price of $11.61 and a 200 day moving average price of $11.34. Nuveen AMT-Free Quality Municipal Income Fund has a twelve month low of $10.00 and a twelve month high of $11.83.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a $0.068 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a yield of 7.0%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Noble Wealth Management PBC acquired a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter worth about $31,000. Traub Capital Management LLC purchased a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 2nd quarter worth about $34,000. Fifth Third Bancorp acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the third quarter worth approximately $42,000. Caldwell Trust Co purchased a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the second quarter valued at approximately $53,000. Finally, Global Wealth Strategies & Associates acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund during the third quarter worth approximately $54,000.

About Nuveen AMT-Free Quality Municipal Income Fund

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.