Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Short Interest Up 28.8% in March

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 22,800 shares, a growth of 28.8% from the February 28th total of 17,700 shares. Based on an average daily trading volume, of 55,400 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Nuveen AMT-Free Municipal Value Fund

A number of large investors have recently added to or reduced their stakes in NUW. Avior Wealth Management LLC lifted its position in shares of Nuveen AMT-Free Municipal Value Fund by 37.4% during the 4th quarter. Avior Wealth Management LLC now owns 3,626 shares of the company’s stock valued at $49,000 after acquiring an additional 987 shares during the last quarter. Hilltop Holdings Inc. raised its position in shares of Nuveen AMT-Free Municipal Value Fund by 10.6% during the third quarter. Hilltop Holdings Inc. now owns 13,108 shares of the company’s stock worth $186,000 after purchasing an additional 1,255 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 2.5% during the third quarter. Sanctuary Advisors LLC now owns 59,140 shares of the company’s stock valued at $818,000 after purchasing an additional 1,468 shares during the last quarter. Wolverine Asset Management LLC boosted its position in shares of Nuveen AMT-Free Municipal Value Fund by 5.4% in the 4th quarter. Wolverine Asset Management LLC now owns 65,449 shares of the company’s stock valued at $889,000 after purchasing an additional 3,359 shares during the period. Finally, Van ECK Associates Corp increased its stake in Nuveen AMT-Free Municipal Value Fund by 4.8% in the 4th quarter. Van ECK Associates Corp now owns 136,207 shares of the company’s stock worth $1,850,000 after purchasing an additional 6,238 shares in the last quarter.

Nuveen AMT-Free Municipal Value Fund Price Performance

NYSE:NUW traded up $0.01 during mid-day trading on Monday, reaching $13.76. 26,339 shares of the stock were exchanged, compared to its average volume of 43,427. Nuveen AMT-Free Municipal Value Fund has a 1-year low of $13.23 and a 1-year high of $14.38. The business has a fifty day moving average price of $13.82 and a 200 day moving average price of $13.88.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.0485 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.23%.

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.