Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Short Interest Update

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 14,000 shares, an increase of 300.0% from the December 31st total of 3,500 shares. Based on an average daily volume of 52,600 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen AMT-Free Municipal Value Fund Stock Performance

Shares of NYSE:NUW traded down $0.05 during midday trading on Tuesday, reaching $13.70. 23,028 shares of the company traded hands, compared to its average volume of 41,960. Nuveen AMT-Free Municipal Value Fund has a 12 month low of $13.23 and a 12 month high of $14.38. The firm’s fifty day moving average price is $13.71 and its two-hundred day moving average price is $13.92.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.0485 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.58 dividend on an annualized basis and a yield of 4.25%.

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Value Fund

Institutional investors have recently added to or reduced their stakes in the business. Avior Wealth Management LLC increased its position in shares of Nuveen AMT-Free Municipal Value Fund by 37.4% during the 4th quarter. Avior Wealth Management LLC now owns 3,626 shares of the company’s stock valued at $49,000 after purchasing an additional 987 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Nuveen AMT-Free Municipal Value Fund by 333.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,331 shares of the company’s stock valued at $60,000 after purchasing an additional 3,331 shares during the last quarter. Williams & Novak LLC bought a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 4th quarter valued at about $143,000. Hilltop Holdings Inc. increased its position in shares of Nuveen AMT-Free Municipal Value Fund by 10.6% during the 3rd quarter. Hilltop Holdings Inc. now owns 13,108 shares of the company’s stock valued at $186,000 after purchasing an additional 1,255 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 4th quarter valued at about $202,000.

About Nuveen AMT-Free Municipal Value Fund

Nuveen AMT-Free Municipal Value Fund is a close-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in fixed income markets of the United States. The fund makes its investments in the securities of companies operating across diversified sectors.