Short Interest in Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Rises By 84.7%

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 16,278 shares, an increase of 84.7% from the August 15th total of 8,812 shares. Based on an average daily volume of 45,403 shares, the short-interest ratio is presently 0.4 days.

Nuveen AMT-Free Municipal Value Fund Stock Up 0.9%

Shares of NUW opened at $13.36 on Friday. The stock’s 50 day moving average is $13.95 and its two-hundred day moving average is $14.13. Nuveen AMT-Free Municipal Value Fund has a twelve month low of $13.20 and a twelve month high of $14.70.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0485 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NUW. Tortoise Investment Management LLC acquired a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 2nd quarter worth $7,349,000. Rivernorth Capital Management LLC boosted its holdings in Nuveen AMT-Free Municipal Value Fund by 20.3% during the second quarter. Rivernorth Capital Management LLC now owns 504,767 shares of the company’s stock worth $7,259,000 after buying an additional 85,291 shares in the last quarter. Bank of America Corp DE purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the second quarter worth about $2,412,000. Van ECK Associates Corp grew its position in Nuveen AMT-Free Municipal Value Fund by 3.6% during the second quarter. Van ECK Associates Corp now owns 150,849 shares of the company’s stock worth $2,169,000 after buying an additional 5,184 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Nuveen AMT-Free Municipal Value Fund during the second quarter worth about $1,144,000.

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.