Short Interest in Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Grows By 162.0%

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 20,700 shares, an increase of 162.0% from the September 15th total of 7,900 shares. Based on an average daily volume of 39,000 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 39,000 shares, the days-to-cover ratio is presently 0.5 days.

Nuveen AMT-Free Municipal Value Fund Stock Down 0.1%

Shares of NUW stock opened at $14.19 on Friday. Nuveen AMT-Free Municipal Value Fund has a one year low of $13.04 and a one year high of $14.52. The stock has a fifty day moving average price of $13.97 and a 200 day moving average price of $13.72.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NUW. Cambridge Investment Research Advisors Inc. raised its stake in Nuveen AMT-Free Municipal Value Fund by 4.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 37,649 shares of the company’s stock worth $517,000 after acquiring an additional 1,535 shares in the last quarter. Uniting Wealth Partners LLC acquired a new position in Nuveen AMT-Free Municipal Value Fund during the first quarter worth $409,000. LPL Financial LLC raised its stake in Nuveen AMT-Free Municipal Value Fund by 12.5% during the first quarter. LPL Financial LLC now owns 175,565 shares of the company’s stock worth $2,412,000 after acquiring an additional 19,469 shares in the last quarter. SFI Advisors LLC acquired a new position in Nuveen AMT-Free Municipal Value Fund during the first quarter worth $443,000. Finally, Royal Bank of Canada raised its stake in Nuveen AMT-Free Municipal Value Fund by 12.5% during the first quarter. Royal Bank of Canada now owns 36,757 shares of the company’s stock worth $505,000 after acquiring an additional 4,073 shares in the last quarter.

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.