Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Short Interest Up 408.8% in May

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 42,496 shares, an increase of 408.8% from the April 30th total of 8,353 shares. Based on an average trading volume of 66,299 shares, the short-interest ratio is presently 0.6 days.

Nuveen AMT-Free Municipal Value Fund Stock Up 0.4%

Shares of NYSE:NUW traded up $0.06 during trading on Friday, reaching $14.18. The company’s stock had a trading volume of 20,475 shares, compared to its average volume of 41,403. Nuveen AMT-Free Municipal Value Fund has a 12 month low of $13.44 and a 12 month high of $14.70. The firm’s 50 day simple moving average is $14.19 and its two-hundred day simple moving average is $14.29.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a $0.0485 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the 4th quarter worth about $30,000. Camelot Portfolios LLC purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the 4th quarter worth about $51,000. Fifth Third Bancorp purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the 1st quarter worth about $79,000. Steward Partners Investment Advisory LLC raised its position in Nuveen AMT-Free Municipal Value Fund by 57.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,614 shares of the company’s stock worth $109,000 after purchasing an additional 2,769 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the 2nd quarter worth about $137,000.

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.