Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Shares Shorted: Short Interest Down 45.1% in September

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,510,536 shares, a drop of 45.1% from the September 15th total of 2,750,725 shares. Based on an average trading volume of 3,127,279 shares, the short-interest ratio is currently 0.5 days.

Insider Buying and Selling at Nuveen AMT-Free Quality Municipal Income Fund

In other news, Portfolio Manager Michael Hamilton sold 2,676 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $9.93, for a total transaction of $26,572.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

A number of institutional investors have recently made changes to their positions in NEA. Pinnacle Bancorp Inc. purchased a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 1st quarter worth $41,000. Allied Private Wealth LLC bought a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the 2nd quarter valued at $72,000. Financial Management Professionals Inc. raised its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 172.7% during the 2nd quarter. Financial Management Professionals Inc. now owns 6,344 shares of the company’s stock worth $75,000 after acquiring an additional 4,018 shares in the last quarter. Centaurus Financial Inc. bought a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 2nd quarter valued at about $103,000. Finally, Maridea Wealth Management LLC boosted its stake in Nuveen AMT-Free Quality Municipal Income Fund by 14.3% during the first quarter. Maridea Wealth Management LLC now owns 11,449 shares of the company’s stock worth $129,000 after buying an additional 1,429 shares during the period.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

NEA traded up $0.03 on Friday, hitting $10.06. The company had a trading volume of 2,920,988 shares, compared to its average volume of 1,114,983. The stock has a fifty day simple moving average of $10.66 and a 200-day simple moving average of $11.19. Nuveen AMT-Free Quality Municipal Income Fund has a 52-week low of $9.52 and a 52-week high of $11.90.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.0680 per share. This represents a $0.82 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Thursday, October 15th.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

Nuveen AMT-Free Quality Municipal Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol NEA. The fund seeks to provide current income that is generally exempt from regular federal income tax and the federal alternative minimum tax, while also pursuing the preservation of capital.

The fund invests primarily in municipal bonds and other tax-exempt municipal securities issued by states, local governments and related entities across the United States.