Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Short Interest Down 30.7% in August

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 16,500 shares, a decrease of 30.7% from the August 15th total of 23,800 shares. Based on an average trading volume of 407,500 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Nuveen Municipal Value Fund

Several institutional investors and hedge funds have recently modified their holdings of NUV. Janney Montgomery Scott LLC increased its holdings in Nuveen Municipal Value Fund by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 122,309 shares of the closed-end fund’s stock worth $1,052,000 after purchasing an additional 1,445 shares in the last quarter. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter valued at about $96,000. UBS Group AG increased its stake in shares of Nuveen Municipal Value Fund by 27.5% in the fourth quarter. UBS Group AG now owns 5,607,096 shares of the closed-end fund’s stock valued at $48,221,000 after buying an additional 1,208,804 shares during the period. King Luther Capital Management Corp acquired a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter valued at about $98,000. Finally, City of London Investment Management Co. Ltd. acquired a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter valued at about $1,837,000. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Stock Performance

Shares of NYSE:NUV traded up $0.05 during trading on Monday, reaching $9.07. 399,914 shares of the company traded hands, compared to its average volume of 412,288. Nuveen Municipal Value Fund has a 52 week low of $7.86 and a 52 week high of $9.08. The company’s 50 day moving average is $8.81 and its two-hundred day moving average is $8.66.

Nuveen Municipal Value Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.031 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.37 annualized dividend and a dividend yield of 4.10%.

About Nuveen Municipal Value Fund

Nuveen Municipal Value Fund, Inc is a closed-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 the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.