Short Interest in Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Drops By 42.4%

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 17,491 shares, a decrease of 42.4% from the January 29th total of 30,389 shares. Based on an average trading volume of 31,697 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 31,697 shares, the days-to-cover ratio is presently 0.6 days.

Nuveen AMT-Free Municipal Value Fund Stock Up 0.2%

NUW stock traded up $0.04 during trading on Friday, reaching $14.44. The company had a trading volume of 47,226 shares, compared to its average volume of 34,085. Nuveen AMT-Free Municipal Value Fund has a twelve month low of $13.04 and a twelve month high of $14.62. The firm has a 50-day simple moving average of $14.40 and a 200-day simple moving average of $14.22.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a dividend of $0.0485 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Institutional Trading of Nuveen AMT-Free Municipal Value Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers acquired a new position in shares of Nuveen AMT-Free Municipal Value Fund in the fourth quarter valued at about $163,000. Guggenheim Capital LLC increased its holdings in Nuveen AMT-Free Municipal Value Fund by 7.2% in the 4th quarter. Guggenheim Capital LLC now owns 464,909 shares of the company’s stock worth $6,653,000 after buying an additional 31,049 shares during the period. Thomas J. Herzfeld Advisors Inc. purchased a new position in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter worth approximately $704,000. Invesco Ltd. lifted its stake in Nuveen AMT-Free Municipal Value Fund by 129.4% during the 4th quarter. Invesco Ltd. now owns 72,483 shares of the company’s stock valued at $1,037,000 after acquiring an additional 40,880 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the 4th quarter valued at $30,000.

Nuveen AMT-Free Municipal Value Fund Company Profile

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.