Short Interest in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Declines By 39.0%

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 38,600 shares, a decrease of 39.0% from the December 31st total of 63,300 shares. Based on an average daily trading volume, of 588,800 shares, the days-to-cover ratio is currently 0.1 days.

Nuveen Municipal Value Fund Price Performance

NYSE:NUV traded down $0.03 during trading hours on Wednesday, reaching $8.70. The company’s stock had a trading volume of 491,768 shares, compared to its average volume of 418,988. The firm has a 50-day simple moving average of $8.72 and a 200-day simple moving average of $8.84. Nuveen Municipal Value Fund has a 1 year low of $8.35 and a 1 year high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.0325 dividend. This represents a $0.39 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Investors Weigh In On Nuveen Municipal Value Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in Nuveen Municipal Value Fund in the third quarter valued at $104,000. Janney Montgomery Scott LLC boosted its stake in shares of Nuveen Municipal Value Fund by 6.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 164,283 shares of the closed-end fund’s stock valued at $1,482,000 after purchasing an additional 10,633 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Nuveen Municipal Value Fund by 70.2% during the third quarter. Private Advisor Group LLC now owns 19,999 shares of the closed-end fund’s stock valued at $180,000 after buying an additional 8,247 shares during the period. Oppenheimer & Co. Inc. bought a new position in Nuveen Municipal Value Fund in the third quarter worth about $90,000. Finally, International Assets Investment Management LLC lifted its holdings in Nuveen Municipal Value Fund by 359.8% in the third quarter. International Assets Investment Management LLC now owns 75,916 shares of the closed-end fund’s stock worth $685,000 after buying an additional 59,405 shares during the period. 22.50% of the stock is currently owned by institutional investors.

About Nuveen Municipal Value Fund

Nuveen Municipal Value Fund, Inc is a closed-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 the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.