Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 140,700 shares, a decrease of 23.9% from the March 31st total of 184,900 shares. Based on an average daily volume of 344,600 shares, the days-to-cover ratio is presently 0.4 days.

Several hedge funds have recently modified their holdings of the business. AE Wealth Management LLC lifted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 5.1% in the 1st quarter. AE Wealth Management LLC now owns 12,740 shares of the company’s stock valued at $215,000 after purchasing an additional 620 shares during the last quarter. Veritable L.P. boosted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 5.8% in the fourth quarter. Veritable L.P. now owns 13,381 shares of the company’s stock valued at $225,000 after acquiring an additional 730 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 2.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 35,044 shares of the company’s stock worth $588,000 after acquiring an additional 739 shares during the last quarter. Capital Investment Advisors LLC grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 0.4% during the fourth quarter. Capital Investment Advisors LLC now owns 187,029 shares of the company’s stock worth $3,138,000 after acquiring an additional 771 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 0.6% in the 1st quarter. Private Advisor Group LLC now owns 139,095 shares of the company’s stock valued at $2,351,000 after acquiring an additional 794 shares during the period.

NVG stock traded up $0.13 during midday trading on Tuesday, reaching $17.25. 311,724 shares of the company were exchanged, compared to its average volume of 342,991. The stock’s 50-day simple moving average is $16.95 and its 200 day simple moving average is $16.56. Nuveen AMT-Free Municipal Credit Income Fund has a 1-year low of $14.15 and a 1-year high of $17.29.

The business also recently declared a monthly dividend, which was paid on Monday, May 3rd. Investors of record on Thursday, April 15th were given a $0.0675 dividend. The ex-dividend date of this dividend was Wednesday, April 14th. This represents a $0.81 dividend on an annualized basis and a yield of 4.70%.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

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.

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