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

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the target of 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 trading volume, of 52,600 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen AMT-Free Municipal Value Fund Stock Down 0.4 %

Shares of NYSE:NUW traded down $0.05 during trading on Tuesday, hitting $13.70. The stock had a trading volume of 23,028 shares, 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 is $13.71 and its 200 day moving average is $13.92.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NUW. Avior Wealth Management LLC raised its position in shares of Nuveen AMT-Free Municipal Value Fund by 37.4% in the 4th quarter. Avior Wealth Management LLC now owns 3,626 shares of the company’s stock worth $49,000 after acquiring an additional 987 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Nuveen AMT-Free Municipal Value Fund by 333.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,331 shares of the company’s stock worth $60,000 after acquiring an additional 3,331 shares in the last quarter. Williams & Novak LLC bought a new position in shares of Nuveen AMT-Free Municipal Value Fund in the 4th quarter worth approximately $143,000. Hilltop Holdings Inc. increased its position in 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 buying an additional 1,255 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Nuveen AMT-Free Municipal Value Fund during the 4th quarter valued at approximately $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.