Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Short Interest Down 42.4% in February

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 17,491 shares, a drop of 42.4% from the January 29th total of 30,389 shares. Based on an average daily trading volume, of 31,697 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 31,697 shares, the days-to-cover ratio is presently 0.6 days.

Nuveen AMT-Free Municipal Value Fund Stock Down 0.0%

Nuveen AMT-Free Municipal Value Fund stock traded down $0.01 on Monday, reaching $14.44. 19,547 shares of the stock were exchanged, compared to its average volume of 33,721. Nuveen AMT-Free Municipal Value Fund has a twelve month low of $13.04 and a twelve month high of $14.62. The firm has a fifty day moving average price of $14.40 and a two-hundred day moving average price of $14.23.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be paid a dividend of $0.0485 per share. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a yield of 4.0%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Guggenheim Capital LLC increased its stake in Nuveen AMT-Free Municipal Value Fund by 7.2% in the fourth quarter. Guggenheim Capital LLC now owns 464,909 shares of the company’s stock valued at $6,653,000 after acquiring an additional 31,049 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Nuveen AMT-Free Municipal Value Fund by 16.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 398,786 shares of the company’s stock valued at $5,707,000 after purchasing an additional 55,579 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Nuveen AMT-Free Municipal Value Fund by 8.0% in the 3rd quarter. Raymond James Financial Inc. now owns 328,619 shares of the company’s stock valued at $4,660,000 after purchasing an additional 24,236 shares during the period. Captrust Financial Advisors raised its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 10.0% in the 4th quarter. Captrust Financial Advisors now owns 270,456 shares of the company’s stock worth $3,870,000 after buying an additional 24,666 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Nuveen AMT-Free Municipal Value Fund by 12.7% during the 4th quarter. LPL Financial LLC now owns 211,245 shares of the company’s stock worth $3,023,000 after buying an additional 23,859 shares during the period.

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.