Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Sees Significant Decrease in Short Interest

by · The Markets Daily

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 4,800 shares, a drop of 61.0% from the September 30th total of 12,300 shares. Based on an average daily volume of 37,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NUW. Tortoise Investment Management LLC boosted its position in shares of Nuveen AMT-Free Municipal Value Fund by 5.0% during the second quarter. Tortoise Investment Management LLC now owns 1,057,674 shares of the company’s stock worth $14,681,000 after buying an additional 50,204 shares during the period. Van ECK Associates Corp grew its stake in shares of Nuveen AMT-Free Municipal Value Fund by 14.7% during the 2nd quarter. Van ECK Associates Corp now owns 132,473 shares of the company’s stock worth $1,839,000 after acquiring an additional 17,027 shares in the last quarter. AHL Investment Management Inc. raised its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 15.2% in the second quarter. AHL Investment Management Inc. now owns 108,205 shares of the company’s stock valued at $1,502,000 after purchasing an additional 14,289 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Nuveen AMT-Free Municipal Value Fund by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 58,156 shares of the company’s stock worth $807,000 after purchasing an additional 1,181 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Nuveen AMT-Free Municipal Value Fund during the second quarter worth $779,000.

Nuveen AMT-Free Municipal Value Fund Trading Down 0.5 %

Shares of NYSE:NUW traded down $0.07 during trading on Friday, hitting $13.93. 65,744 shares of the company’s stock traded hands, compared to its average volume of 38,863. The company has a 50-day moving average price of $14.18 and a 200-day moving average price of $13.83. Nuveen AMT-Free Municipal Value Fund has a 52 week low of $12.45 and a 52 week high of $14.38.

Nuveen AMT-Free Municipal Value Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.047 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.56 dividend on an annualized basis and a yield of 4.05%. This is a positive change from Nuveen AMT-Free Municipal Value Fund’s previous monthly dividend of $0.05.

Nuveen AMT-Free Municipal Value Fund Company Profile

(Get Free Report)

Nuveen AMT-Free Municipal Value Fund is a close-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 fixed income markets of the United States. The fund makes its investments in the securities of companies operating across diversified sectors.

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