Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Short Interest Down 61.0% in October

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 4,800 shares, a drop of 61.0% from the September 30th total of 12,300 shares. Based on an average daily trading volume, of 37,800 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Nuveen AMT-Free Municipal Value Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tortoise Investment Management LLC increased its stake in Nuveen AMT-Free Municipal Value Fund by 5.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,057,674 shares of the company’s stock valued at $14,681,000 after buying an additional 50,204 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Nuveen AMT-Free Municipal Value Fund by 14.7% in the 2nd quarter. Van ECK Associates Corp now owns 132,473 shares of the company’s stock worth $1,839,000 after buying an additional 17,027 shares during the period. AHL Investment Management Inc. boosted its holdings in Nuveen AMT-Free Municipal Value Fund by 15.2% in the 2nd quarter. AHL Investment Management Inc. now owns 108,205 shares of the company’s stock worth $1,502,000 after buying an additional 14,289 shares during the period. Bank of New York Mellon Corp boosted its holdings in Nuveen AMT-Free Municipal Value Fund by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 58,156 shares of the company’s stock worth $807,000 after buying an additional 1,181 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Nuveen AMT-Free Municipal Value Fund in the 2nd quarter worth approximately $779,000.

Nuveen AMT-Free Municipal Value Fund Trading Down 0.5 %

NYSE:NUW opened at $14.00 on Friday. Nuveen AMT-Free Municipal Value Fund has a 52 week low of $12.45 and a 52 week high of $14.38. The firm has a 50-day moving average price of $14.18 and a two-hundred day moving average price of $13.83.

Nuveen AMT-Free Municipal Value Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.047 dividend. This is a positive change from Nuveen AMT-Free Municipal Value Fund’s previous monthly dividend of $0.05. The ex-dividend date is Tuesday, October 15th. This represents a $0.56 annualized dividend and a yield of 4.03%.

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.