Short Interest in Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Decreases By 21.7%

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 1,236,400 shares, a decrease of 21.7% from the March 15th total of 1,578,182 shares. Based on an average daily volume of 1,155,433 shares, the days-to-cover ratio is presently 1.1 days.

Nuveen AMT-Free Quality Municipal Income Fund Trading Down 0.1%

Shares of NYSE NEA traded down $0.02 during midday trading on Thursday, reaching $11.50. The company had a trading volume of 633,814 shares, compared to its average volume of 892,106. Nuveen AMT-Free Quality Municipal Income Fund has a 1 year low of $10.53 and a 1 year high of $11.90. The business’s 50-day simple moving average is $11.57 and its 200 day simple moving average is $11.56.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be paid a $0.068 dividend. The ex-dividend date is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 7.1%.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Several large investors have recently added to or reduced their stakes in the company. Basepoint Wealth LLC acquired a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at about $26,000. Noble Wealth Management PBC acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth about $31,000. Entrust Financial LLC acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth about $32,000. Fifth Third Bancorp purchased a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the third quarter valued at approximately $42,000. Finally, International Assets Investment Management LLC purchased a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $44,000.

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.