Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Sees Large Decline in Short Interest

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 63,900 shares, a decline of 30.2% from the January 15th total of 91,500 shares. Based on an average daily volume of 566,600 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

A number of large investors have recently bought and sold shares of NUV. Rivernorth Capital Management LLC boosted its stake in shares of Nuveen Municipal Value Fund by 9.1% during the third quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock valued at $66,935,000 after purchasing an additional 618,364 shares during the period. 1607 Capital Partners LLC raised its holdings in Nuveen Municipal Value Fund by 24.8% during the 4th quarter. 1607 Capital Partners LLC now owns 2,655,203 shares of the closed-end fund’s stock valued at $22,808,000 after buying an additional 526,883 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Nuveen Municipal Value Fund during the 4th quarter valued at $19,874,000. Kovitz Investment Group Partners LLC grew its holdings in Nuveen Municipal Value Fund by 69.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,954,981 shares of the closed-end fund’s stock worth $16,793,000 after acquiring an additional 800,998 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Nuveen Municipal Value Fund by 51.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,354,412 shares of the closed-end fund’s stock valued at $11,634,000 after acquiring an additional 457,422 shares during the period. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Performance

NYSE NUV traded up $0.03 during trading on Friday, hitting $8.87. 373,467 shares of the company’s stock traded hands, compared to its average volume of 424,139. The stock has a fifty day moving average of $8.70 and a two-hundred day moving average of $8.85. Nuveen Municipal Value Fund has a 12-month low of $8.35 and a 12-month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Friday, February 14th.

About Nuveen Municipal Value Fund

Nuveen Municipal Value Fund, Inc 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 also invests some portion of its portfolio in derivative instruments.