Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Short Interest Down 30.7% in August

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 16,500 shares, a decline of 30.7% from the August 15th total of 23,800 shares. Based on an average daily volume of 407,500 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Nuveen Municipal Value Fund

Several hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of Nuveen Municipal Value Fund in the second quarter valued at $753,000. B. Riley Wealth Advisors Inc. purchased a new stake in Nuveen Municipal Value Fund during the 2nd quarter worth about $358,000. Logan Stone Capital LLC bought a new position in Nuveen Municipal Value Fund in the 2nd quarter worth about $584,000. Disciplined Investments LLC grew its holdings in Nuveen Municipal Value Fund by 7.8% during the 2nd quarter. Disciplined Investments LLC now owns 54,854 shares of the closed-end fund’s stock valued at $473,000 after buying an additional 3,960 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. increased its position in shares of Nuveen Municipal Value Fund by 6.3% during the second quarter. City of London Investment Management Co. Ltd. now owns 164,226 shares of the closed-end fund’s stock valued at $1,417,000 after buying an additional 9,735 shares during the period. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Stock Up 0.6 %

NUV stock traded up $0.05 during midday trading on Monday, hitting $9.07. The company’s stock had a trading volume of 399,914 shares, compared to its average volume of 412,288. The stock’s 50-day moving average price is $8.80 and its 200 day moving average price is $8.66. Nuveen Municipal Value Fund has a 1 year low of $7.86 and a 1 year high of $9.08.

Nuveen Municipal Value Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a $0.031 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.37 annualized dividend and a dividend yield of 4.10%.

About Nuveen Municipal Value Fund

Nuveen Municipal Value Fund, Inc is a closed-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 the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.