Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Short Interest Up 408.8% in May

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 42,496 shares, a growth of 408.8% from the April 30th total of 8,353 shares. Based on an average trading volume of 66,299 shares, the short-interest ratio is presently 0.6 days.

Nuveen AMT-Free Municipal Value Fund Stock Up 0.4%

Shares of Nuveen AMT-Free Municipal Value Fund stock traded up $0.06 during trading on Friday, reaching $14.18. 20,475 shares of the company traded hands, compared to its average volume of 41,403. Nuveen AMT-Free Municipal Value Fund has a 1-year low of $13.44 and a 1-year high of $14.70. The company has a 50 day moving average price of $14.19 and a 200-day moving average price of $14.29.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.0485 per share. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a yield of 4.1%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Redwood Family Wealth LLC acquired a new position in Nuveen AMT-Free Municipal Value Fund during the fourth quarter worth $215,000. Koshinski Asset Management Inc. raised its holdings in Nuveen AMT-Free Municipal Value Fund by 19.2% during the fourth quarter. Koshinski Asset Management Inc. now owns 48,679 shares of the company’s stock worth $697,000 after buying an additional 7,833 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Nuveen AMT-Free Municipal Value Fund during the fourth quarter worth $30,000. Camelot Portfolios LLC acquired a new position in Nuveen AMT-Free Municipal Value Fund during the fourth quarter worth $51,000. Finally, Sanctuary Advisors LLC raised its holdings in Nuveen AMT-Free Municipal Value Fund by 1.1% during the fourth quarter. Sanctuary Advisors LLC now owns 74,695 shares of the company’s stock worth $1,069,000 after buying an additional 837 shares during 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.