Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Sees Significant Drop in Short Interest

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 15,687 shares, a decline of 52.0% from the December 31st total of 32,652 shares. Based on an average daily volume of 31,973 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 31,973 shares, the short-interest ratio is presently 0.5 days.

Nuveen AMT-Free Municipal Value Fund Stock Up 0.7%

NUW stock opened at $14.44 on Thursday. The firm’s 50 day moving average price is $14.31 and its 200-day moving average price is $14.09. Nuveen AMT-Free Municipal Value Fund has a one year low of $13.04 and a one year high of $14.55.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a $0.0485 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 4.0%.

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

A number of institutional investors have recently modified their holdings of NUW. Traub Capital Management LLC purchased a new position in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at about $65,000. Nomura Holdings Inc. acquired a new stake in shares of Nuveen AMT-Free Municipal Value Fund during the second quarter worth about $137,000. Disciplined Investments LLC acquired a new position in shares of Nuveen AMT-Free Municipal Value Fund in the third quarter valued at approximately $143,000. Ameriprise Financial Inc. purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter worth approximately $164,000. Finally, Aviance Capital Partners LLC acquired a new stake in Nuveen AMT-Free Municipal Value Fund during the 3rd quarter worth approximately $184,000.

Nuveen AMT-Free Municipal Value Fund Company Profile

Nuveen AMT-Free Municipal Value Fund (NYSE: NUW) is a closed-end management investment company that seeks to provide shareholders with regular income exempt from federal alternative minimum tax. The fund primarily invests in municipal obligations issued by U.S. state and local governments, including general obligation bonds, revenue bonds and notes. By focusing on instruments that are free from federal AMT, the fund targets investors looking for tax-advantaged income in a structured, professionally managed vehicle.

Since its inception in September 2008, NUW has employed an active management approach, aiming to build a diversified portfolio of investment-grade municipal securities.