Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Short Interest Up 780.4% in November

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 301,100 shares, an increase of 780.4% from the October 31st total of 34,200 shares. Based on an average trading volume of 584,500 shares, the short-interest ratio is currently 0.5 days.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

Shares of NYSE:NVG traded up $0.13 during trading on Wednesday, hitting $13.13. 534,650 shares of the stock were exchanged, compared to its average volume of 561,731. Nuveen AMT-Free Municipal Credit Income Fund has a 1-year low of $11.05 and a 1-year high of $13.56. The company’s fifty day simple moving average is $13.04 and its 200-day simple moving average is $12.69.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.079 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 7.22%.

Insider Activity

In other Nuveen AMT-Free Municipal Credit Income Fund news, VP David J. Lamb bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average price of $12.44 per share, for a total transaction of $37,320.00. Following the purchase, the vice president now directly owns 3,000 shares in the company, valued at $37,320. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Large investors have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 21.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 824,023 shares of the company’s stock worth $10,267,000 after acquiring an additional 143,380 shares in the last quarter. Comerica Bank boosted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 10.6% in the first quarter. Comerica Bank now owns 21,692 shares of the company’s stock worth $264,000 after purchasing an additional 2,073 shares in the last quarter. Wealthspan Partners LLC bought a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the second quarter worth $147,000. Tyche Wealth Partners LLC increased its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 1.4% in the second quarter. Tyche Wealth Partners LLC now owns 126,531 shares of the company’s stock valued at $1,577,000 after buying an additional 1,724 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 64.3% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 39,349 shares of the company’s stock valued at $465,000 after buying an additional 15,397 shares during the last quarter.

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.