Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Short Interest Update

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 - ) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 168,700 shares, adeclineof41.7% from the July 15th total of 289,200 shares. Based on an average daily trading volume, of 468,100 shares, the short-interest ratio is currently 0.4 days. Approximately0.1% of the company's shares are sold short. Approximately0.1% of the company's shares are sold short. Based on an average daily trading volume, of 468,100 shares, the short-interest ratio is currently 0.4 days.

Nuveen Municipal Value Fund Trading Down 0.6%

Shares of NYSE:NUV opened at $8.59 on Monday. The business's 50 day simple moving average is $8.60 and its two-hundred day simple moving average is $8.66. Nuveen Municipal Value Fund has a 52-week low of $8.38 and a 52-week high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

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

Institutional Trading of Nuveen Municipal Value Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the second quarter valued at approximately $33,000. Farther Finance Advisors LLC increased its position in shares of Nuveen Municipal Value Fund by 274.5% during the first quarter. Farther Finance Advisors LLC now owns 3,869 shares of the closed-end fund's stock valued at $34,000 after acquiring an additional 2,836 shares during the last quarter. South Plains Financial Inc. purchased a new stake in shares of Nuveen Municipal Value Fund during the fourth quarter valued at approximately $37,000. Dagco Inc. purchased a new stake in shares of Nuveen Municipal Value Fund during the first quarter valued at approximately $42,000. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the first quarter valued at approximately $45,000. 22.50% of the stock is owned by hedge funds and other institutional investors.

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.

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