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

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 3,500 shares, a decrease of 53.9% from the November 30th total of 7,600 shares. Based on an average daily volume of 55,200 shares, the short-interest ratio is presently 0.1 days.

Nuveen AMT-Free Municipal Value Fund Stock Down 0.6 %

NYSE NUW traded down $0.08 during trading on Friday, hitting $13.36. The stock had a trading volume of 20,987 shares, compared to its average volume of 41,802. The stock has a 50 day simple moving average of $13.84 and a 200 day simple moving average of $13.93. Nuveen AMT-Free Municipal Value Fund has a one year low of $13.23 and a one year high of $14.38.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.0485 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.58 dividend on an annualized basis and a yield of 4.36%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC grew its stake in Nuveen AMT-Free Municipal Value Fund by 2.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 59,140 shares of the company’s stock worth $818,000 after acquiring an additional 1,468 shares in the last quarter. Hilltop Holdings Inc. raised its position in Nuveen AMT-Free Municipal Value Fund by 10.6% during the 3rd quarter. Hilltop Holdings Inc. now owns 13,108 shares of the company’s stock valued at $186,000 after purchasing an additional 1,255 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 16.3% in the third quarter. Captrust Financial Advisors now owns 161,929 shares of the company’s stock valued at $2,303,000 after acquiring an additional 22,683 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in Nuveen AMT-Free Municipal Value Fund by 44.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 62,090 shares of the company’s stock worth $883,000 after acquiring an additional 19,114 shares in the last quarter. Finally, Ackerman Capital Advisors LLC raised its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 79.5% in the 3rd quarter. Ackerman Capital Advisors LLC now owns 36,812 shares of the company’s stock valued at $523,000 after purchasing an additional 16,304 shares in the last quarter.

About Nuveen AMT-Free Municipal Value Fund

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.