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

Key Points

• Short interest in Nuveen Municipal Value Fund decreased by 41.7%, from 289,200 shares to 168,700 shares, as of July 31st.
• The fund recently announced a monthly dividend of $0.0325, payable on September 2nd, which represents an annualized yield of 4.5%.
• Institutional investors have increased their presence, with 22.50% of the stock now owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 168,700 shares, adeclineof41.7% from the July 15th total of 289,200 shares. Approximately0.1% of the company's stock are short sold. Based on an average daily volume of 468,100 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 468,100 shares, the days-to-cover ratio is currently 0.4 days. Approximately0.1% of the company's stock are short sold.

Institutional Investors Weigh In On Nuveen Municipal Value Fund

A number of large investors have recently modified their holdings of the business. Corient Private Wealth LLC grew its stake in shares of Nuveen Municipal Value Fund by 99.9% during the second quarter. Corient Private Wealth LLC now owns 33,491 shares of the closed-end fund's stock worth $291,000 after acquiring an additional 16,735 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Nuveen Municipal Value Fund by 65.0% during the second quarter. Captrust Financial Advisors now owns 33,947 shares of the closed-end fund's stock worth $295,000 after acquiring an additional 13,375 shares during the last quarter. Jane Street Group LLC purchased a new stake in Nuveen Municipal Value Fund in the second quarter valued at approximately $101,000. Capital Advisors Wealth Management LLC boosted its position in Nuveen Municipal Value Fund by 50.9% in the second quarter. Capital Advisors Wealth Management LLC now owns 22,332 shares of the closed-end fund's stock valued at $194,000 after buying an additional 7,530 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in Nuveen Municipal Value Fund by 4.0% in the second quarter. Baird Financial Group Inc. now owns 240,372 shares of the closed-end fund's stock valued at $2,089,000 after buying an additional 9,188 shares during the last quarter. Hedge funds and other institutional investors own 22.50% of the company's stock.

Nuveen Municipal Value Fund Price Performance

Shares of NUV stock traded up $0.0150 during trading hours on Friday, reaching $8.6250. 548,625 shares of the company's stock were exchanged, compared to its average volume of 438,086. Nuveen Municipal Value Fund has a 1 year low of $8.38 and a 1 year high of $9.15. The stock's fifty day moving average price is $8.61 and its two-hundred day moving average price is $8.65.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.0325 per share. The ex-dividend date is Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Nuveen Municipal Value Fund Company Profile

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.