Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Short Interest Update

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 63,100 shares, a decline of 39.0% from the December 15th total of 103,500 shares. Based on an average daily trading volume, of 689,500 shares, the days-to-cover ratio is presently 0.1 days.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

Shares of NYSE:NVG traded up $0.01 during trading on Tuesday, hitting $12.28. 446,347 shares of the stock were exchanged, compared to its average volume of 570,406. The company has a fifty day moving average price of $12.67 and a two-hundred day moving average price of $12.81. Nuveen AMT-Free Municipal Credit Income Fund has a 12-month low of $11.36 and a 12-month high of $13.56.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.079 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.95 dividend on an annualized basis and a yield of 7.72%.

Insider Activity at Nuveen AMT-Free Municipal Credit Income Fund

In related news, VP David J. Lamb bought 3,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were bought at an average cost of $12.44 per share, for a total transaction of $37,320.00. Following the completion of the transaction, the vice president now owns 3,000 shares of the company’s stock, valued at $37,320. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Several large investors have recently bought and sold shares of NVG. Fortitude Family Office LLC acquired a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 3rd quarter worth $44,000. Farther Finance Advisors LLC raised its position in Nuveen AMT-Free Municipal Credit Income Fund by 510.4% during the third quarter. Farther Finance Advisors LLC now owns 3,650 shares of the company’s stock worth $49,000 after acquiring an additional 3,052 shares during the last quarter. Community Bank N.A. raised its position in Nuveen AMT-Free Municipal Credit Income Fund by 100.0% during the third quarter. Community Bank N.A. now owns 4,000 shares of the company’s stock worth $54,000 after acquiring an additional 2,000 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund in the third quarter valued at about $76,000. Finally, Magnolia Capital Advisors LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund in the second quarter valued at approximately $130,000.

About Nuveen AMT-Free Municipal Credit Income Fund

Nuveen AMT-Free Municipal Credit Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments exempt from regular federal income taxes that are rated Baa/BBB or better by S&P, Moody’s, or Fitch, and that have an average maturity of 17.02 years.