Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Short Interest Down 32.8% in August

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 100,100 shares, a decrease of 32.8% from the August 15th total of 148,900 shares. Based on an average daily volume of 1,019,200 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Hedge funds have recently added to or reduced their stakes in the company. Karpus Management Inc. increased its stake in Nuveen AMT-Free Quality Municipal Income Fund by 14.6% in the fourth quarter. Karpus Management Inc. now owns 23,657,938 shares of the company’s stock valued at $260,237,000 after purchasing an additional 3,008,939 shares during the last quarter. Fiera Capital Corp purchased a new position in Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $9,890,000. City of London Investment Management Co. Ltd. increased its stake in Nuveen AMT-Free Quality Municipal Income Fund by 489.3% in the fourth quarter. City of London Investment Management Co. Ltd. now owns 677,551 shares of the company’s stock valued at $7,453,000 after purchasing an additional 562,569 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in Nuveen AMT-Free Quality Municipal Income Fund in the first quarter valued at approximately $4,833,000. Finally, Relative Value Partners Group LLC purchased a new position in Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $4,413,000.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

NYSE:NEA remained flat at $11.83 during mid-day trading on Monday. 947,116 shares of the company traded hands, compared to its average volume of 848,835. The firm’s fifty day simple moving average is $11.58 and its 200-day simple moving average is $11.20. Nuveen AMT-Free Quality Municipal Income Fund has a 52-week low of $9.20 and a 52-week high of $11.86.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a $0.073 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.88 annualized dividend and a yield of 7.40%.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

Nuveen AMT-Free Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of the United States. The fund primarily invests in undervalued municipal bonds that are exempt from federal income taxes, including the alternative minimum tax.