Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Stock Short Interest Jumps 469.8%

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 88,702 shares, a growth of 469.8% from the September 15th total of 15,568 shares. Based on an average trading volume of 134,953 shares, the short-interest ratio is currently 0.7 days.

Nuveen AMT-Free Municipal Value Fund Stock Performance

NUW stock traded up $0.14 on Friday, hitting $13.12. 49,482 shares of the company were exchanged, compared to its average volume of 51,658. Nuveen AMT-Free Municipal Value Fund has a twelve month low of $12.70 and a twelve month high of $14.70. The business’s fifty day moving average is $13.60 and its two-hundred day moving average is $13.99.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.0485 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Thursday, October 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the first quarter valued at about $79,000. Readystate Asset Management LP acquired a new stake in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter worth approximately $180,000. Redwood Family Wealth LLC acquired a new stake in Nuveen AMT-Free Municipal Value Fund during the 4th quarter worth approximately $215,000. Magnolia Capital Advisors LLC acquired a new stake in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter worth approximately $196,000. Finally, Stephens Inc. AR raised its holdings in Nuveen AMT-Free Municipal Value Fund by 5.8% in the first quarter. Stephens Inc. AR now owns 18,180 shares of the company’s stock valued at $261,000 after buying an additional 1,000 shares during the period.

Nuveen AMT-Free Municipal Value Fund Company Profile

Nuveen AMT-Free Municipal Value Fund (NYSE: NUW) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax and the federal alternative minimum tax (AMT). The fund invests primarily in municipal securities issued by states, cities, counties, and other public authorities across the United States.

The fund’s portfolio may include tax-exempt municipal bonds and other related obligations, with investments selected based on factors such as credit quality, maturity, structure, and relative value.