Nuveen AMT-Free Municipal Value Fund (NYSE:NUW – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 16,278 shares, a growth of 84.7% from the August 15th total of 8,812 shares. Based on an average daily volume of 45,403 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Tortoise Investment Management LLC bought a new stake in Nuveen AMT-Free Municipal Value Fund during the second quarter valued at about $7,349,000. Rivernorth Capital Management LLC increased its stake in shares of Nuveen AMT-Free Municipal Value Fund by 20.3% in the second quarter. Rivernorth Capital Management LLC now owns 504,767 shares of the company’s stock worth $7,259,000 after purchasing an additional 85,291 shares during the period. Bank of America Corp DE acquired a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 2nd quarter worth about $2,412,000. Van ECK Associates Corp lifted its position in shares of Nuveen AMT-Free Municipal Value Fund by 3.6% during the 2nd quarter. Van ECK Associates Corp now owns 150,849 shares of the company’s stock worth $2,169,000 after purchasing an additional 5,184 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at approximately $1,144,000.
Nuveen AMT-Free Municipal Value Fund Trading Up 0.9%
NUW stock traded up $0.12 during midday trading on Thursday, hitting $13.36. 88,164 shares of the company traded hands, compared to its average volume of 44,900. Nuveen AMT-Free Municipal Value Fund has a twelve month low of $13.20 and a twelve month high of $14.70. The business has a 50 day simple moving average of $13.97 and a 200-day simple moving average of $14.14.
Nuveen AMT-Free Municipal Value Fund Announces Dividend
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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