Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Short Interest Update

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 63,900 shares, a decline of 30.2% from the January 15th total of 91,500 shares. Based on an average daily trading volume, of 566,600 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rivernorth Capital Management LLC boosted its stake in shares of Nuveen Municipal Value Fund by 9.1% in the third quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock valued at $66,935,000 after purchasing an additional 618,364 shares during the period. 1607 Capital Partners LLC boosted its stake in shares of Nuveen Municipal Value Fund by 24.8% in the fourth quarter. 1607 Capital Partners LLC now owns 2,655,203 shares of the closed-end fund’s stock valued at $22,808,000 after purchasing an additional 526,883 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Nuveen Municipal Value Fund in the fourth quarter valued at $19,874,000. Kovitz Investment Group Partners LLC boosted its stake in shares of Nuveen Municipal Value Fund by 69.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,954,981 shares of the closed-end fund’s stock valued at $16,793,000 after purchasing an additional 800,998 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of Nuveen Municipal Value Fund by 51.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,354,412 shares of the closed-end fund’s stock valued at $11,634,000 after purchasing an additional 457,422 shares during the period. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Price Performance

NUV traded up $0.03 during trading on Friday, hitting $8.87. 373,467 shares of the company’s stock were exchanged, compared to its average volume of 424,139. Nuveen Municipal Value Fund has a 1 year low of $8.35 and a 1 year high of $9.15. The stock has a 50 day moving average price of $8.70 and a 200 day moving average price of $8.85.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.0325 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.39 annualized dividend and a dividend yield of 4.40%.

About Nuveen Municipal Value Fund

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.