Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Shares Shorted: Short Interest Up 469.8% in 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 trading volume of 134,953 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Fifth Third Bancorp purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the 1st quarter worth approximately $79,000. Readystate Asset Management LP purchased a new stake in shares of Nuveen AMT-Free Municipal Value Fund during the second quarter worth about $180,000. Redwood Family Wealth LLC purchased a new position in Nuveen AMT-Free Municipal Value Fund in the 4th quarter worth approximately $215,000. Magnolia Capital Advisors LLC purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at approximately $196,000. Finally, Stephens Inc. AR lifted its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 5.8% in the first quarter. Stephens Inc. AR now owns 18,180 shares of the company’s stock worth $261,000 after buying an additional 1,000 shares in the last quarter.

Nuveen AMT-Free Municipal Value Fund Trading Up 1.1%

Shares of NYSE:NUW traded up $0.14 during trading on Friday, reaching $13.12. 49,482 shares of the stock traded hands, compared to its average volume of 51,658. Nuveen AMT-Free Municipal Value Fund has a 52-week low of $12.70 and a 52-week high of $14.70. The stock has a 50-day moving average of $13.60 and a two-hundred day moving average of $13.99.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.0485 per share. This represents a $0.58 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, October 15th.

Nuveen AMT-Free Municipal Value Fund Company Profile

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.