Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Sees Large Drop in Short Interest

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 6,200 shares, a decline of 57.2% from the May 31st total of 14,500 shares. Based on an average trading volume of 36,600 shares, the days-to-cover ratio is currently 0.2 days.

Nuveen AMT-Free Municipal Value Fund Trading Up 1.2 %

Shares of NYSE NUW traded up $0.16 during midday trading on Friday, hitting $13.88. 90,651 shares of the stock traded hands, compared to its average volume of 40,678. Nuveen AMT-Free Municipal Value Fund has a one year low of $12.45 and a one year high of $14.42. The business has a 50 day moving average price of $13.54 and a two-hundred day moving average price of $13.62.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.043 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.52 annualized dividend and a dividend yield of 3.72%.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. 1607 Capital Partners LLC boosted its position in Nuveen AMT-Free Municipal Value Fund by 3.3% in the fourth quarter. 1607 Capital Partners LLC now owns 1,533,697 shares of the company’s stock worth $20,904,000 after purchasing an additional 49,500 shares during the last quarter. Tortoise Investment Management LLC raised its stake in shares of Nuveen AMT-Free Municipal Value Fund by 15.5% in the fourth quarter. Tortoise Investment Management LLC now owns 823,053 shares of the company’s stock valued at $11,383,000 after buying an additional 110,664 shares during the period. UBS Group AG raised its stake in shares of Nuveen AMT-Free Municipal Value Fund by 8.9% in the third quarter. UBS Group AG now owns 209,869 shares of the company’s stock valued at $2,812,000 after buying an additional 17,107 shares during the period. Van ECK Associates Corp raised its stake in shares of Nuveen AMT-Free Municipal Value Fund by 16.3% during the 4th quarter. Van ECK Associates Corp now owns 131,853 shares of the company’s stock valued at $1,797,000 after purchasing an additional 18,491 shares during the period. Finally, AHL Investment Management Inc. raised its stake in shares of Nuveen AMT-Free Municipal Value Fund by 476.1% during the 1st quarter. AHL Investment Management Inc. now owns 93,916 shares of the company’s stock valued at $1,268,000 after purchasing an additional 77,615 shares during the period.

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.