Short Interest in Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Decreases By 53.0%

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 8,812 shares, a decline of 53.0% from the July 30th total of 18,732 shares. Based on an average daily trading volume, of 40,919 shares, the short-interest ratio is presently 0.2 days.

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

Several hedge funds have recently bought and sold shares of NUW. MSH Capital Advisors LLC acquired a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at about $330,000. Myecfo LLC purchased a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 2nd quarter worth about $586,000. Tortoise Investment Management LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the second quarter worth approximately $7,349,000. Uniting Wealth Partners LLC purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the second quarter valued at approximately $430,000. Finally, Breakwater Capital Group grew its holdings in Nuveen AMT-Free Municipal Value Fund by 10.2% in the second quarter. Breakwater Capital Group now owns 63,205 shares of the company’s stock valued at $909,000 after purchasing an additional 5,834 shares during the period.

Nuveen AMT-Free Municipal Value Fund Stock Performance

NYSE:NUW traded up $0.03 during mid-day trading on Friday, hitting $13.95. 16,333 shares of the company’s stock traded hands, compared to its average volume of 42,328. The firm’s 50 day simple moving average is $14.15 and its 200 day simple moving average is $14.21. Nuveen AMT-Free Municipal Value Fund has a 1 year low of $13.66 and a 1 year high of $14.70.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $0.0485 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 4.2%.

Nuveen AMT-Free Municipal Value Fund Company Profile

Nuveen AMT-Free Municipal Value Fund (NYSE: NUW) is a closed-end management investment company that seeks to provide shareholders with regular income exempt from federal alternative minimum tax. The fund primarily invests in municipal obligations issued by U.S. state and local governments, including general obligation bonds, revenue bonds and notes. By focusing on instruments that are free from federal AMT, the fund targets investors looking for tax-advantaged income in a structured, professionally managed vehicle.

Since its inception in September 2008, NUW has employed an active management approach, aiming to build a diversified portfolio of investment-grade municipal securities.