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

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 8,353 shares, a decline of 59.0% from the April 15th total of 20,361 shares. Based on an average daily volume of 33,324 shares, the days-to-cover ratio is presently 0.3 days.

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

Several large investors have recently made changes to their positions in the business. Fifth Third Bancorp acquired a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the first quarter worth $79,000. Kestra Advisory Services LLC increased its position in shares of Nuveen AMT-Free Municipal Value Fund by 4.1% in the first quarter. Kestra Advisory Services LLC now owns 40,247 shares of the company’s stock worth $577,000 after acquiring an additional 1,593 shares in the last quarter. Stephens Inc. AR increased its position in shares of Nuveen AMT-Free Municipal Value Fund by 5.8% in the first quarter. Stephens Inc. AR now owns 18,180 shares of the company’s stock worth $261,000 after acquiring an additional 1,000 shares in the last quarter. Breakwater Capital Group increased its position in shares of Nuveen AMT-Free Municipal Value Fund by 11.8% in the first quarter. Breakwater Capital Group now owns 57,371 shares of the company’s stock worth $822,000 after acquiring an additional 6,036 shares in the last quarter. Finally, Redwood Family Wealth LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the fourth quarter worth $215,000.

Nuveen AMT-Free Municipal Value Fund Price Performance

NUW traded down $0.14 during trading on Friday, hitting $13.91. 39,593 shares of the company’s stock were exchanged, compared to its average volume of 38,967. Nuveen AMT-Free Municipal Value Fund has a 1 year low of $13.42 and a 1 year high of $14.70. The stock has a 50 day moving average price of $14.26 and a 200 day moving average price of $14.32.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a $0.0485 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 4.2%.

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.