Short Interest in Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Grows By 84.7%

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 16,278 shares, a growth of 84.7% from the August 15th total of 8,812 shares. Based on an average daily trading volume, of 45,403 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Nuveen AMT-Free Municipal Value Fund

A number of institutional investors have recently modified their holdings of NUW. Tortoise Investment Management LLC purchased a new stake in shares of Nuveen AMT-Free Municipal Value Fund during the second quarter worth $7,349,000. Rivernorth Capital Management LLC lifted its holdings in Nuveen AMT-Free Municipal Value Fund by 20.3% during the 2nd quarter. Rivernorth Capital Management LLC now owns 504,767 shares of the company’s stock worth $7,259,000 after purchasing an additional 85,291 shares in the last quarter. Bank of America Corp DE bought a new position in Nuveen AMT-Free Municipal Value Fund in the 2nd quarter worth about $2,412,000. Van ECK Associates Corp grew its holdings in Nuveen AMT-Free Municipal Value Fund by 3.6% during the 2nd quarter. Van ECK Associates Corp now owns 150,849 shares of the company’s stock valued at $2,169,000 after buying an additional 5,184 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Nuveen AMT-Free Municipal Value Fund during the second quarter valued at about $1,144,000.

Nuveen AMT-Free Municipal Value Fund Price Performance

Shares of NUW opened at $13.22 on Wednesday. The business has a 50-day moving average of $13.99 and a 200 day moving average of $14.14. Nuveen AMT-Free Municipal Value Fund has a fifty-two week low of $13.20 and a fifty-two week high of $14.70.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.0485 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.4%.

About Nuveen AMT-Free Municipal Value Fund

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.