Short Interest in Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Declines By 53.0%

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 8,812 shares, a decrease of 53.0% from the July 30th total of 18,732 shares. Based on an average daily trading volume, of 40,919 shares, the days-to-cover ratio is currently 0.2 days.

Nuveen AMT-Free Municipal Value Fund Price Performance

NYSE:NUW traded up $0.03 during mid-day trading on Friday, reaching $13.95. 16,333 shares of the stock were exchanged, compared to its average volume of 42,328. The business has a fifty day moving average price of $14.15 and a 200 day moving average price of $14.21. Nuveen AMT-Free Municipal Value Fund has a 1-year low of $13.66 and a 1-year high of $14.70.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a $0.0485 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, August 14th.

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

Several hedge funds have recently modified their holdings of the stock. MSH Capital Advisors LLC acquired a new position in shares of Nuveen AMT-Free Municipal Value Fund in the second quarter worth about $330,000. Myecfo LLC purchased a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at approximately $586,000. Tortoise Investment Management LLC purchased a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at approximately $7,349,000. Uniting Wealth Partners LLC acquired a new position in Nuveen AMT-Free Municipal Value Fund in the 2nd quarter worth approximately $430,000. Finally, Breakwater Capital Group boosted its stake in Nuveen AMT-Free Municipal Value Fund by 10.2% in the 2nd quarter. Breakwater Capital Group now owns 63,205 shares of the company’s stock worth $909,000 after purchasing an additional 5,834 shares during the period.

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.