Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Stock Short Interest Report for October

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 79,479 shares, a decrease of 69.3% from the October 15th total of 258,906 shares. Based on an average daily trading volume, of 1,403,890 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Nuveen Municipal Value Fund Trading Up 0.1%

Shares of NYSE:NUV traded up $0.01 on Friday, hitting $8.26. The company’s stock had a trading volume of 1,246,047 shares, compared to its average volume of 694,858. Nuveen Municipal Value Fund has a 12 month low of $8.02 and a 12 month high of $9.26. The stock’s 50-day moving average is $8.37 and its two-hundred day moving average is $8.93.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be given a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, November 13th.

Insider Buying and Selling

In other Nuveen Municipal Value Fund news, insider Young L. Robert bought 36,430 shares of the stock in a transaction that occurred on Friday, October 23rd. The shares were purchased at an average cost of $8.25 per share, for a total transaction of $300,547.50. Following the transaction, the insider directly owned 36,430 shares in the company, valued at $300,547.50. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

Several large investors have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Nuveen Municipal Value Fund by 17.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,862,303 shares of the closed-end fund’s stock worth $26,390,000 after acquiring an additional 422,222 shares during the period. Bank of America Corp DE bought a new stake in Nuveen Municipal Value Fund during the second quarter worth approximately $11,867,000. Van ECK Associates Corp lifted its position in Nuveen Municipal Value Fund by 3.0% in the second quarter. Van ECK Associates Corp now owns 1,098,087 shares of the closed-end fund’s stock worth $10,124,000 after purchasing an additional 31,841 shares during the period. Royal Bank of Canada lifted its position in Nuveen Municipal Value Fund by 8.7% in the first quarter. Royal Bank of Canada now owns 620,206 shares of the closed-end fund’s stock worth $5,576,000 after purchasing an additional 49,645 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in Nuveen Municipal Value Fund by 3.4% in the third quarter. Commonwealth Equity Services LLC now owns 570,181 shares of the closed-end fund’s stock worth $4,727,000 after purchasing an additional 18,909 shares during the period. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Company Profile

Nuveen Municipal Value Fund is a closed-end investment fund that focuses on municipal debt securities issued by state and local governments and related entities. Its portfolio may include bonds financing public projects and services across the United States. The fund seeks to provide income exempt from regular federal income tax while emphasizing the preservation of capital. Its investments are subject to the credit, interest-rate and other risks associated with municipal securities. Nuveen Fund Advisors, LLC serves as the fund’s investment adviser.