Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Stock Short Interest Report for September

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 88,702 shares, an increase of 469.8% from the September 15th total of 15,568 shares. Based on an average daily volume of 134,953 shares, the short-interest ratio is presently 0.7 days.

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

Several large investors have recently modified their holdings of the business. Tortoise Investment Management LLC purchased a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at $7,349,000. Bank of America Corp DE purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at about $2,412,000. Rivernorth Capital Management LLC grew its position in Nuveen AMT-Free Municipal Value Fund by 20.3% during the 2nd quarter. Rivernorth Capital Management LLC now owns 504,767 shares of the company’s stock worth $7,259,000 after acquiring an additional 85,291 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Nuveen AMT-Free Municipal Value Fund in the second quarter valued at approximately $1,144,000. Finally, Bank of New York Mellon Corp purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at $902,000.

Nuveen AMT-Free Municipal Value Fund Stock Performance

NUW stock traded up $0.14 during midday trading on Friday, reaching $13.12. 49,482 shares of the company’s stock traded hands, compared to its average volume of 51,658. The firm’s fifty day moving average price is $13.60 and its 200-day moving average price is $13.99. Nuveen AMT-Free Municipal Value Fund has a 52 week low of $12.70 and a 52 week high of $14.70.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a $0.0485 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.58 annualized dividend and a yield of 4.4%.

About Nuveen AMT-Free Municipal Value Fund

Nuveen AMT-Free Municipal Value Fund (NYSE: NUW) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax and the federal alternative minimum tax (AMT). The fund invests primarily in municipal securities issued by states, cities, counties, and other public authorities across the United States.

The fund’s portfolio may include tax-exempt municipal bonds and other related obligations, with investments selected based on factors such as credit quality, maturity, structure, and relative value.