Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Sees Significant Drop in Short Interest - Defense World

2022-06-18 18:01:37 By : Ms. Alice Liu

Posted by admin on Jun 17th, 2022

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG – Get Rating) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 25,800 shares, a decrease of 18.9% from the May 15th total of 31,800 shares. Based on an average daily volume of 586,700 shares, the days-to-cover ratio is presently 0.0 days.

Shares of Nuveen AMT-Free Municipal Credit Income Fund stock traded up $0.02 on Friday, reaching $12.64. 644,362 shares of the stock were exchanged, compared to its average volume of 559,853. Nuveen AMT-Free Municipal Credit Income Fund has a twelve month low of $12.51 and a twelve month high of $18.27. The business has a 50 day moving average price of $13.58 and a two-hundred day moving average price of $15.27.

The company also recently announced a monthly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be issued a dividend of $0.064 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend is Tuesday, June 14th.

Several institutional investors have recently added to or reduced their stakes in NVG. Confluence Wealth Services Inc. acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter worth about $29,000. Outfitter Financial LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter worth about $35,000. Lindbrook Capital LLC acquired a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the 1st quarter worth about $59,000. FNY Investment Advisers LLC purchased a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 1st quarter valued at about $66,000. Finally, Allworth Financial LP lifted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 29.8% in the 1st quarter. Allworth Financial LP now owns 4,482 shares of the company’s stock valued at $66,000 after buying an additional 1,029 shares during the period.

About Nuveen AMT-Free Municipal Credit Income Fund (Get Rating)

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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