Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Shares Shorted: Short Interest Down 46.6% in October

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 47,397 shares, a decline of 46.6% from the September 30th total of 88,702 shares. Based on an average daily trading volume, of 100,810 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Nuveen AMT-Free Municipal Value Fund

A number of large investors have recently added to or reduced their stakes in the stock. Readystate Asset Management LP bought a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at $180,000. Rivernorth Capital Management LLC boosted its stake in shares of Nuveen AMT-Free Municipal Value Fund by 20.3% in the 2nd quarter. Rivernorth Capital Management LLC now owns 504,767 shares of the company’s stock worth $7,259,000 after buying an additional 85,291 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 3.6% in the second quarter. Van ECK Associates Corp now owns 150,849 shares of the company’s stock worth $2,169,000 after acquiring an additional 5,184 shares during the period. 49 Wealth Management LLC bought a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the second quarter worth $399,000. Finally, Bank of America Corp DE bought a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the second quarter worth $2,412,000.

Nuveen AMT-Free Municipal Value Fund Price Performance

NUW traded up $0.23 during midday trading on Friday, hitting $13.72. 269,133 shares of the company traded hands, compared to its average volume of 54,714. The company’s 50-day moving average is $13.40 and its 200 day moving average is $14.03. Nuveen AMT-Free Municipal Value Fund has a 52 week low of $12.70 and a 52 week high of $14.70.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a dividend of $0.0485 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.58 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 is a closed-end investment fund listed on the New York Stock Exchange under the symbol NUW. The fund seeks to provide current income exempt from regular federal income tax, with capital appreciation as a secondary objective.

The fund invests primarily in municipal securities issued by states, cities, counties, and other public entities across the United States. Its portfolio may include bonds used to finance public infrastructure and services, such as schools, transportation systems, utilities, health care facilities, and other governmental or community projects.