Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Short Interest Down 74.1% in May

Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Get Rating) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 122,200 shares, a decrease of 74.1% from the April 30th total of 471,700 shares. Based on an average daily volume of 539,800 shares, the days-to-cover ratio is currently 0.2 days.

Shares of NYSE:NUV traded up $0.13 during trading on Friday, reaching $9.37. The stock had a trading volume of 754,880 shares, compared to its average volume of 575,642. The firm’s fifty day moving average is $9.20 and its 200 day moving average is $9.81. Nuveen Municipal Value Fund has a 52 week low of $8.70 and a 52 week high of $11.94.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be paid a $0.028 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Thursday, May 12th.

Several large investors have recently bought and sold shares of the company. Chicago Partners Investment Group LLC boosted its stake in shares of Nuveen Municipal Value Fund by 2.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 453,857 shares of the closed-end fund’s stock valued at $3,989,000 after purchasing an additional 10,274 shares during the last quarter. Beacon Pointe Advisors LLC bought a new stake in shares of Nuveen Municipal Value Fund in the 1st quarter valued at $153,000. Royal Bank of Canada lifted its position in shares of Nuveen Municipal Value Fund by 9.6% during the 1st quarter. Royal Bank of Canada now owns 295,613 shares of the closed-end fund’s stock valued at $2,833,000 after acquiring an additional 26,011 shares during the period. Guggenheim Capital LLC lifted its position in shares of Nuveen Municipal Value Fund by 175.1% during the 1st quarter. Guggenheim Capital LLC now owns 175,525 shares of the closed-end fund’s stock valued at $1,682,000 after acquiring an additional 111,717 shares during the period. Finally, 1607 Capital Partners LLC lifted its position in shares of Nuveen Municipal Value Fund by 28,804.2% during the 1st quarter. 1607 Capital Partners LLC now owns 1,820,963 shares of the closed-end fund’s stock valued at $17,445,000 after acquiring an additional 1,814,663 shares during the period. 14.53% of the stock is currently owned by institutional investors.

About Nuveen Municipal Value Fund (Get Rating)

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.

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