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

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 17,491 shares, a decrease of 42.4% from the January 29th total of 30,389 shares. Based on an average daily trading volume, of 31,697 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 31,697 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Nuveen AMT-Free Municipal Value Fund

Several large investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC boosted its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 7.2% during the fourth quarter. Guggenheim Capital LLC now owns 464,909 shares of the company’s stock valued at $6,653,000 after acquiring an additional 31,049 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in Nuveen AMT-Free Municipal Value Fund by 16.2% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 398,786 shares of the company’s stock valued at $5,707,000 after purchasing an additional 55,579 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Nuveen AMT-Free Municipal Value Fund by 8.0% during the 3rd quarter. Raymond James Financial Inc. now owns 328,619 shares of the company’s stock valued at $4,660,000 after purchasing an additional 24,236 shares during the period. Captrust Financial Advisors boosted its stake in Nuveen AMT-Free Municipal Value Fund by 10.0% during the 4th quarter. Captrust Financial Advisors now owns 270,456 shares of the company’s stock valued at $3,870,000 after purchasing an additional 24,666 shares during the period. Finally, LPL Financial LLC grew its position in Nuveen AMT-Free Municipal Value Fund by 12.7% in the 4th quarter. LPL Financial LLC now owns 211,245 shares of the company’s stock worth $3,023,000 after purchasing an additional 23,859 shares during the last quarter.

Nuveen AMT-Free Municipal Value Fund Stock Performance

NYSE NUW traded up $0.04 during trading hours on Friday, reaching $14.44. The company’s stock had a trading volume of 47,226 shares, compared to its average volume of 34,085. The business has a 50-day simple moving average of $14.40 and a 200 day simple moving average of $14.22. Nuveen AMT-Free Municipal Value Fund has a 52 week low of $13.04 and a 52 week high of $14.62.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a dividend of $0.0485 per share. The ex-dividend date is Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 4.0%.

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.