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 during the month of 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 volume of 42,500 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 42,500 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Nuveen AMT-Free Municipal Value Fund

Several hedge funds and other institutional investors have recently bought and sold shares of NUW. Traub Capital Management LLC purchased a new stake in shares of Nuveen AMT-Free Municipal Value Fund during the second quarter valued at approximately $65,000. Nomura Holdings Inc. purchased a new position in shares of Nuveen AMT-Free Municipal Value Fund in the second quarter worth $137,000. Wealth Management Associates Inc. bought a new stake in Nuveen AMT-Free Municipal Value Fund during the 1st quarter valued at $149,000. Ameriprise Financial Inc. purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at $164,000. Finally, Stephens Inc. AR grew its holdings in Nuveen AMT-Free Municipal Value Fund by 17.4% in the 2nd quarter. Stephens Inc. AR now owns 16,880 shares of the company’s stock worth $231,000 after acquiring an additional 2,500 shares during the last quarter.

Nuveen AMT-Free Municipal Value Fund Stock Down 0.2%

Shares of NYSE:NUW opened at $14.17 on Friday. The stock’s 50-day moving average price is $13.84 and its 200-day moving average price is $13.69. Nuveen AMT-Free Municipal Value Fund has a 12-month low of $13.04 and a 12-month high of $14.31.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

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

About Nuveen AMT-Free Municipal Value Fund

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.