Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Sees Significant Decline in Short Interest

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 17,712 shares, a decrease of 53.7% from the May 31st total of 38,281 shares. Based on an average daily volume of 50,647 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Nuveen AMT-Free Municipal Value Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of Nuveen AMT-Free Municipal Value Fund during the fourth quarter valued at about $30,000. Camelot Portfolios LLC purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the 4th quarter valued at about $51,000. Fifth Third Bancorp bought a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 1st quarter worth approximately $79,000. Steward Partners Investment Advisory LLC lifted its position in shares of Nuveen AMT-Free Municipal Value Fund by 57.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,614 shares of the company’s stock worth $109,000 after buying an additional 2,769 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter worth approximately $137,000.

Nuveen AMT-Free Municipal Value Fund Stock Up 0.4%

Shares of NUW stock traded up $0.06 during trading hours on Wednesday, reaching $14.44. The company had a trading volume of 37,875 shares, compared to its average volume of 41,288. Nuveen AMT-Free Municipal Value Fund has a 12 month low of $13.50 and a 12 month high of $14.70. The business has a fifty day simple moving average of $14.13 and a 200-day simple moving average of $14.28.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0485 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Monday, June 15th.

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.