Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Short Interest Down 85.8% in September

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 21,100 shares, a drop of 85.8% from the September 15th total of 149,100 shares. Based on an average trading volume of 413,500 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. True North Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund in the first quarter worth about $4,337,000. Tortoise Investment Management LLC grew its holdings in Nuveen Municipal Value Fund by 27.1% during the 4th quarter. Tortoise Investment Management LLC now owns 1,611,003 shares of the closed-end fund’s stock valued at $13,855,000 after buying an additional 343,815 shares in the last quarter. Williams Financial LLC bought a new stake in shares of Nuveen Municipal Value Fund during the second quarter valued at approximately $2,661,000. Granby Capital Management LLC lifted its holdings in shares of Nuveen Municipal Value Fund by 23.8% in the fourth quarter. Granby Capital Management LLC now owns 1,300,000 shares of the closed-end fund’s stock worth $11,180,000 after buying an additional 250,000 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd bought a new position in shares of Nuveen Municipal Value Fund during the second quarter worth $1,573,000. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Price Performance

NYSE:NUV remained flat at $9.11 during trading hours on Thursday. 479,714 shares of the company’s stock traded hands, compared to its average volume of 413,470. Nuveen Municipal Value Fund has a twelve month low of $7.86 and a twelve month high of $9.15. The firm has a 50-day moving average of $8.92 and a 200 day moving average of $8.71.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.031 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Tuesday, October 15th.

Nuveen Municipal Value Fund Company Profile

Nuveen Municipal Value Fund, Inc is a closed-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 the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.