Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Stock Short Interest Falls 46.6%

by · The Markets Daily

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 47,397 shares, a decline of 46.6% from the September 30th total of 88,702 shares. Based on an average daily trading volume, of 100,810 shares, the days-to-cover ratio is presently 0.5 days.

Nuveen AMT-Free Municipal Value Fund Trading Up 1.7%

Shares of NYSE:NUW traded up $0.23 during trading on Friday, reaching $13.72. The stock had a trading volume of 269,133 shares, compared to its average volume of 54,714. Nuveen AMT-Free Municipal Value Fund has a 52 week low of $12.70 and a 52 week high of $14.70. The stock has a fifty day simple moving average of $13.40 and a two-hundred day simple moving average of $14.03.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0485 per share. This represents a $0.58 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Thursday, October 15th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp acquired a new position in Nuveen AMT-Free Municipal Value Fund during the first quarter valued at approximately $79,000. Readystate Asset Management LP bought a new position in shares of Nuveen AMT-Free Municipal Value Fund in the second quarter valued at about $180,000. Magnolia Capital Advisors LLC bought a new position in Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at about $196,000. Stephens Inc. AR increased its stake in shares of Nuveen AMT-Free Municipal Value Fund by 5.8% during the first quarter. Stephens Inc. AR now owns 18,180 shares of the company’s stock worth $261,000 after purchasing an additional 1,000 shares during the period. Finally, 49 Wealth Management LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Value Fund during the second quarter worth $399,000.

About Nuveen AMT-Free Municipal Value Fund

(Get Free Report)

Nuveen AMT-Free Municipal Value Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol NUW. The fund seeks to provide current income exempt from regular federal income tax, with capital appreciation as a secondary objective.

The fund invests primarily in municipal securities issued by states, cities, counties, and other public entities across the United States. Its portfolio may include bonds used to finance public infrastructure and services, such as schools, transportation systems, utilities, health care facilities, and other governmental or community projects.

Recommended Stories