Short Interest in Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Grows By 28.8%

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 22,800 shares, an increase of 28.8% from the February 28th total of 17,700 shares. Based on an average daily trading volume, of 55,400 shares, the days-to-cover ratio is currently 0.4 days.

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

Large investors have recently made changes to their positions in the company. Avior Wealth Management LLC boosted its stake in Nuveen AMT-Free Municipal Value Fund by 37.4% during the fourth quarter. Avior Wealth Management LLC now owns 3,626 shares of the company’s stock valued at $49,000 after buying an additional 987 shares during the last quarter. Williams & Novak LLC bought a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 4th quarter valued at approximately $143,000. Hilltop Holdings Inc. grew its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 10.6% in the third quarter. Hilltop Holdings Inc. now owns 13,108 shares of the company’s stock valued at $186,000 after purchasing an additional 1,255 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Nuveen AMT-Free Municipal Value Fund in the fourth quarter worth $202,000. Finally, HighTower Advisors LLC purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the fourth quarter valued at $345,000.

Nuveen AMT-Free Municipal Value Fund Price Performance

Shares of NUW stock traded down $0.01 during mid-day trading on Wednesday, hitting $13.80. The company had a trading volume of 84,086 shares, compared to its average volume of 43,659. The stock’s 50 day moving average price is $13.82 and its 200-day moving average price is $13.88. Nuveen AMT-Free Municipal Value Fund has a 52-week low of $13.23 and a 52-week high of $14.38.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a dividend of $0.0485 per share. This represents a $0.58 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend was Friday, March 14th.

Nuveen AMT-Free Municipal Value Fund Company Profile

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.