Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Get Free Report) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 198,600 shares, a growth of 62.1% from the August 31st total of 122,500 shares. Based on an average daily volume of 468,000 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 468,000 shares, the days-to-cover ratio is currently 0.4 days.
Hedge Funds Weigh In On Nuveen Municipal Value Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC bought a new position in Nuveen Municipal Value Fund in the 2nd quarter worth approximately $33,000. Farther Finance Advisors LLC lifted its position in shares of Nuveen Municipal Value Fund by 274.5% during the 1st 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. Dagco Inc. acquired a new stake in shares of Nuveen Municipal Value Fund during the 1st quarter valued at $42,000. EQ Wealth Advisors LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the first quarter valued at $45,000. Finally, Flagship Wealth Advisors LLC lifted its holdings in shares of Nuveen Municipal Value Fund by 80.0% in the first quarter. Flagship Wealth Advisors LLC now owns 5,625 shares of the closed-end fund's stock valued at $49,000 after purchasing an additional 2,500 shares in the last quarter. 22.50% of the stock is owned by institutional investors.
Nuveen Municipal Value Fund Trading Up 0.4%
Shares of Nuveen Municipal Value Fund stock opened at $9.03 on Monday. The business's 50 day simple moving average is $8.75 and its 200-day simple moving average is $8.66. Nuveen Municipal Value Fund has a twelve month low of $8.38 and a twelve month high of $9.15.
Nuveen Municipal Value Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.0325 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, October 15th.
About Nuveen Municipal Value Fund
(
Get Free Report)
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.
Further Reading
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