Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Short Interest Down 53.7% in June

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a large 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 trading volume, of 50,647 shares, the short-interest ratio is presently 0.3 days.

Nuveen AMT-Free Municipal Value Fund Trading Up 0.2%

NUW stock opened at $14.34 on Monday. The stock has a fifty day moving average of $14.13 and a 200-day moving average of $14.28. Nuveen AMT-Free Municipal Value Fund has a fifty-two week low of $13.50 and a fifty-two week high of $14.70.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 4.1%.

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

Several large investors have recently modified their holdings of the business. Bank of America Corp DE raised its position in shares of Nuveen AMT-Free Municipal Value Fund by 0.9% in the first quarter. Bank of America Corp DE now owns 155,713 shares of the company’s stock valued at $2,231,000 after purchasing an additional 1,409 shares during the period. Fifth Third Bancorp bought a new position in Nuveen AMT-Free Municipal Value Fund in the 1st quarter worth approximately $79,000. Kestra Advisory Services LLC boosted its holdings in Nuveen AMT-Free Municipal Value Fund by 4.1% in the 1st quarter. Kestra Advisory Services LLC now owns 40,247 shares of the company’s stock worth $577,000 after buying an additional 1,593 shares during the period. Stephens Inc. AR grew its stake in Nuveen AMT-Free Municipal Value Fund by 5.8% in the 1st quarter. Stephens Inc. AR now owns 18,180 shares of the company’s stock valued at $261,000 after buying an additional 1,000 shares in the last quarter. Finally, Breakwater Capital Group grew its stake in Nuveen AMT-Free Municipal Value Fund by 11.8% in the 1st quarter. Breakwater Capital Group now owns 57,371 shares of the company’s stock valued at $822,000 after buying an additional 6,036 shares in the last quarter.

Nuveen AMT-Free Municipal Value Fund Company Profile

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.