Nuveen AMT-Free Municipal Value Fund (NYSE:NUW – Get Free Report) saw a large decline in short interest in the month of 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
A number of large investors have recently modified their holdings of NUW. First Bancorp Inc ME acquired a new position in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at about $25,000. International Assets Investment Management LLC acquired a new stake in Nuveen AMT-Free Municipal Value Fund during the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp purchased a new position in Nuveen AMT-Free Municipal Value Fund in the second quarter valued at approximately $77,000. Fifth Third Bancorp purchased a new position in Nuveen AMT-Free Municipal Value Fund in the first quarter valued at approximately $79,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Nuveen AMT-Free Municipal Value Fund by 57.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,614 shares of the company’s stock valued at $109,000 after buying an additional 2,769 shares in the last quarter.
Nuveen AMT-Free Municipal Value Fund Trading Up 0.2%
Shares of NUW traded up $0.03 during trading hours on Friday, hitting $13.95. The stock had a trading volume of 16,333 shares, compared to its average volume of 42,328. The company’s fifty 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 12-month low of $13.66 and a 12-month high of $14.70.
Nuveen AMT-Free Municipal Value Fund Dividend Announcement
About Nuveen AMT-Free Municipal Value Fund
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.
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