Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Short Interest Down 61.0% in October

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 4,800 shares, a drop of 61.0% from the September 30th total of 12,300 shares. Based on an average daily trading volume, of 37,800 shares, the days-to-cover ratio is currently 0.1 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ackerman Capital Advisors LLC increased its position in shares of Nuveen AMT-Free Municipal Value Fund by 79.5% during the third quarter. Ackerman Capital Advisors LLC now owns 36,812 shares of the company’s stock valued at $523,000 after buying an additional 16,304 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Nuveen AMT-Free Municipal Value Fund during the second quarter valued at about $779,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Nuveen AMT-Free Municipal Value Fund by 333.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,331 shares of the company’s stock valued at $60,000 after buying an additional 3,331 shares during the period. Creekside Partners purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the second quarter worth about $278,000. Finally, Bank of New York Mellon Corp grew its holdings in Nuveen AMT-Free Municipal Value Fund by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 58,156 shares of the company’s stock worth $807,000 after purchasing an additional 1,181 shares during the period.

Nuveen AMT-Free Municipal Value Fund Stock Performance

Nuveen AMT-Free Municipal Value Fund stock opened at $14.00 on Friday. The firm’s fifty day moving average price is $14.18 and its 200-day moving average price is $13.83. Nuveen AMT-Free Municipal Value Fund has a fifty-two week low of $12.45 and a fifty-two week high of $14.38.

Nuveen AMT-Free Municipal Value Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.047 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a positive change from Nuveen AMT-Free Municipal Value Fund’s previous monthly dividend of $0.05.

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.