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

Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Get Free Report) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 68,500 shares, a decline of 18.2% from the February 29th total of 83,700 shares. Based on an average daily trading volume, of 471,300 shares, the short-interest ratio is currently 0.1 days.

Nuveen Municipal Value Fund Stock Up 0.1 %

Shares of NUV stock traded up $0.01 during trading hours on Friday, reaching $8.71. 602,289 shares of the company traded hands, compared to its average volume of 474,063. Nuveen Municipal Value Fund has a 12-month low of $7.86 and a 12-month high of $9.08. The firm has a 50-day moving average price of $8.73 and a 200 day moving average price of $8.50.

Nuveen Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.029 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.00%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV lifted its holdings in Nuveen Municipal Value Fund by 3.0% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 45,080 shares of the closed-end fund's stock worth $381,000 after purchasing an additional 1,310 shares in the last quarter. Mariner LLC lifted its holdings in Nuveen Municipal Value Fund by 6.7% in the 1st quarter. Mariner LLC now owns 22,054 shares of the closed-end fund's stock worth $211,000 after purchasing an additional 1,381 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Nuveen Municipal Value Fund by 8.4% in the 2nd quarter. Private Advisor Group LLC now owns 17,753 shares of the closed-end fund's stock worth $154,000 after purchasing an additional 1,383 shares in the last quarter. Janney Montgomery Scott LLC lifted 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. Finally, Citigroup Inc. lifted its holdings in Nuveen Municipal Value Fund by 98.7% in the 1st quarter. Citigroup Inc. now owns 2,981 shares of the closed-end fund's stock worth $29,000 after purchasing an additional 1,481 shares in the last quarter. 22.50% of the stock is owned by hedge funds and other institutional investors.

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.