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

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 7,900 shares, a decline of 36.8% from the August 31st total of 12,500 shares. Based on an average daily trading volume, of 42,500 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 42,500 shares, the days-to-cover ratio is currently 0.2 days.

Nuveen AMT-Free Municipal Value Fund Stock Down 0.2%

NYSE:NUW opened at $14.17 on Friday. The business’s 50-day moving average price is $13.84 and its two-hundred day moving average price is $13.69. Nuveen AMT-Free Municipal Value Fund has a twelve month low of $13.04 and a twelve month high of $14.31.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.0485 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 4.1%.

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Value Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of NUW. Traub Capital Management LLC bought a new position in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter worth $65,000. Nomura Holdings Inc. purchased a new position in Nuveen AMT-Free Municipal Value Fund in the second quarter worth $137,000. Wealth Management Associates Inc. bought a new position in Nuveen AMT-Free Municipal Value Fund in the first quarter valued at $149,000. Ameriprise Financial Inc. bought a new position in Nuveen AMT-Free Municipal Value Fund in the second quarter valued at $164,000. Finally, Stephens Inc. AR raised its position in Nuveen AMT-Free Municipal Value Fund by 17.4% during the second quarter. Stephens Inc. AR now owns 16,880 shares of the company’s stock valued at $231,000 after purchasing an additional 2,500 shares in the last quarter.

Nuveen AMT-Free Municipal Value Fund Company Profile

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.