Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Sees Significant Decrease in Short Interest

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 17,712 shares, a decrease of 53.7% from the May 31st total of 38,281 shares. Based on an average daily trading volume, of 50,647 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Value Fund

A number of large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in shares of Nuveen AMT-Free Municipal Value Fund during the 4th quarter valued at $30,000. Camelot Portfolios LLC acquired a new position in Nuveen AMT-Free Municipal Value Fund in the fourth quarter valued at $51,000. Fifth Third Bancorp purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the first quarter valued at about $79,000. Steward Partners Investment Advisory LLC grew its position in Nuveen AMT-Free Municipal Value Fund by 57.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,614 shares of the company’s stock valued at $109,000 after acquiring an additional 2,769 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in Nuveen AMT-Free Municipal Value Fund during the second quarter worth about $137,000.

Nuveen AMT-Free Municipal Value Fund Stock Up 0.3%

NUW traded up $0.04 during midday trading on Tuesday, hitting $14.43. The company’s stock had a trading volume of 44,894 shares, compared to its average volume of 41,318. The firm has a 50-day moving average price of $14.13 and a two-hundred day moving average price of $14.28. Nuveen AMT-Free Municipal Value Fund has a 52-week low of $13.50 and a 52-week high of $14.70.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.0485 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 4.0%.

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.