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 significant decrease in short interest in the month of 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,403,890 shares, the days-to-cover ratio is currently 0.1 days.

Insiders Place Their Bets

In other news, insider Young L. Robert bought 36,430 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was acquired at an average price of $8.25 per share, with a total value of $300,547.50. Following the completion of the purchase, the insider directly owned 36,430 shares of the company’s stock, valued at $300,547.50. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Nuveen Municipal Value Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in NUV. Hennion & Walsh Asset Management Inc. boosted its holdings in Nuveen Municipal Value Fund by 17.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,862,303 shares of the closed-end fund’s stock worth $26,390,000 after buying an additional 422,222 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Nuveen Municipal Value Fund in the second quarter valued at $11,867,000. Van ECK Associates Corp increased its holdings in shares of 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 valued at $10,124,000 after buying an additional 31,841 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Nuveen Municipal Value Fund by 8.7% during the 1st quarter. Royal Bank of Canada now owns 620,206 shares of the closed-end fund’s stock valued at $5,576,000 after acquiring an additional 49,645 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Nuveen Municipal Value Fund by 3.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 570,181 shares of the closed-end fund’s stock valued at $4,727,000 after acquiring an additional 18,909 shares during the last quarter. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Price Performance

NYSE NUV traded up $0.01 on Friday, reaching $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 twelve month low of $8.02 and a twelve month high of $9.26. The firm’s 50 day moving average is $8.37 and its two-hundred day moving average is $8.93.

Nuveen Municipal Value Fund Announces Dividend

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

About Nuveen Municipal Value Fund

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.