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

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 8,812 shares, a drop of 53.0% from the July 30th total of 18,732 shares. Based on an average daily volume of 40,919 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Nuveen AMT-Free Municipal Value Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tortoise Investment Management LLC acquired a new stake in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter worth $7,349,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the second quarter worth about $3,186,000. Bank of America Corp DE bought a new stake in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter worth approximately $2,412,000. NewEdge Wealth LLC bought a new stake in shares of Nuveen AMT-Free Municipal Value Fund during the second quarter worth $1,462,000. Finally, Smartleaf Asset Management LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at about $1,693,000.

Nuveen AMT-Free Municipal Value Fund Stock Performance

Shares of Nuveen AMT-Free Municipal Value Fund stock traded down $0.01 during trading on Monday, reaching $13.95. The company’s stock had a trading volume of 43,149 shares, compared to its average volume of 42,333. Nuveen AMT-Free Municipal Value Fund has a one year low of $13.66 and a one year high of $14.70. The stock has a 50-day moving average price of $14.15 and a two-hundred day moving average price of $14.21.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.0485 per share. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.