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

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 42,496 shares, a growth of 408.8% from the April 30th total of 8,353 shares. Based on an average daily volume of 66,299 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

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

Nuveen AMT-Free Municipal Value Fund Stock Performance

Shares of NYSE NUW traded down $0.02 during trading hours on Thursday, reaching $14.12. The stock had a trading volume of 30,098 shares, compared to its average volume of 41,422. The business’s fifty day moving average is $14.20 and its two-hundred day moving average is $14.30. Nuveen AMT-Free Municipal Value Fund has a twelve month low of $13.44 and a twelve month high of $14.70.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.0485 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, May 15th.

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.