Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Sees Large Decline in Short Interest

Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Get Free Report) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 143,300 shares, a decrease of 56.6% from the April 30th total of 330,300 shares. Based on an average daily volume of 503,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company's shares are sold short.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

A number of large investors have recently bought and sold shares of the business. Flagship Wealth Advisors LLC purchased a new stake in Nuveen Municipal Value Fund in the fourth quarter worth $27,000. Farther Finance Advisors LLC grew its holdings in shares of Nuveen Municipal Value Fund by 274.5% in the first quarter. Farther Finance Advisors LLC now owns 3,869 shares of the closed-end fund's stock worth $34,000 after purchasing an additional 2,836 shares during the last quarter. South Plains Financial Inc. purchased a new position in Nuveen Municipal Value Fund in the 4th quarter worth about $37,000. Dagco Inc. purchased a new position in Nuveen Municipal Value Fund in the 1st quarter worth about $42,000. Finally, Hurley Capital LLC bought a new stake in Nuveen Municipal Value Fund during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 22.50% of the company's stock.

Nuveen Municipal Value Fund Stock Down 0.1%

NYSE NUV traded down $0.01 during trading on Tuesday, hitting $8.55. The stock had a trading volume of 361,491 shares, compared to its average volume of 481,112. Nuveen Municipal Value Fund has a one year low of $8.38 and a one year high of $9.15. The stock has a 50 day simple moving average of $8.61 and a 200 day simple moving average of $8.70.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Friday, June 13th.

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.