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

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 6,200 shares, a drop of 57.2% from the May 31st total of 14,500 shares. Based on an average daily volume of 36,600 shares, the short-interest ratio is currently 0.2 days.

Nuveen AMT-Free Municipal Value Fund Trading Up 1.2 %

Nuveen AMT-Free Municipal Value Fund stock traded up $0.16 during midday trading on Friday, reaching $13.88. The stock had a trading volume of 90,651 shares, compared to its average volume of 40,678. The firm’s fifty day simple moving average is $13.55 and its two-hundred day simple moving average is $13.62. Nuveen AMT-Free Municipal Value Fund has a twelve month low of $12.45 and a twelve month high of $14.42.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.043 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Friday, June 14th.

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Value Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Breakwater Capital Group acquired a new position in Nuveen AMT-Free Municipal Value Fund in the 4th quarter worth approximately $148,000. Weiss Asset Management LP purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the 4th quarter worth approximately $164,000. AHL Investment Management Inc. lifted its position in Nuveen AMT-Free Municipal Value Fund by 11.3% in the 4th quarter. AHL Investment Management Inc. now owns 16,301 shares of the company’s stock worth $222,000 after buying an additional 1,650 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the 4th quarter worth approximately $254,000. Finally, Tyche Wealth Partners LLC purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the 4th quarter worth approximately $297,000.

Nuveen AMT-Free Municipal Value Fund Company Profile

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.