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.
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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