Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Short Interest Down 53.9% in December

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

Nuveen AMT-Free Municipal Value Fund Stock Performance

Shares of NUW traded down $0.08 during mid-day trading on Friday, reaching $13.36. The stock had a trading volume of 20,987 shares, compared to its average volume of 41,802. Nuveen AMT-Free Municipal Value Fund has a 12 month low of $13.23 and a 12 month high of $14.38. The business has a fifty day moving average of $13.84 and a 200 day moving average of $13.93.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.0485 per share. 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%.

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

A number of hedge funds have recently made changes to their positions in NUW. Sanctuary Advisors LLC purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at approximately $779,000. Tortoise Investment Management LLC grew its stake in Nuveen AMT-Free Municipal Value Fund by 5.0% during the second quarter. Tortoise Investment Management LLC now owns 1,057,674 shares of the company’s stock valued at $14,681,000 after acquiring an additional 50,204 shares in the last quarter. Captrust Financial Advisors increased its holdings in Nuveen AMT-Free Municipal Value Fund by 16.3% in the 3rd 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 during the last quarter. Creekside Partners bought a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at about $278,000. Finally, Wolverine Asset Management LLC grew its position in shares of Nuveen AMT-Free Municipal Value Fund by 44.5% during the third quarter. Wolverine Asset Management LLC now owns 62,090 shares of the company’s stock valued at $883,000 after purchasing an additional 19,114 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.