Short Interest in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Drops By 39.0%

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 38,600 shares, a drop of 39.0% from the December 15th total of 63,300 shares. Based on an average daily trading volume, of 588,800 shares, the short-interest ratio is currently 0.1 days.

Nuveen Municipal Value Fund Price Performance

Shares of NUV stock traded up $0.01 during trading hours on Tuesday, reaching $8.60. The company had a trading volume of 393,060 shares, compared to its average volume of 404,033. Nuveen Municipal Value Fund has a 12-month low of $8.35 and a 12-month high of $9.15. The stock has a fifty day moving average of $8.76 and a 200-day moving average of $8.84.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0325 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.39 annualized dividend and a dividend yield of 4.53%.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

A number of institutional investors have recently bought and sold shares of the company. Kovitz Investment Group Partners LLC acquired a new stake in shares of Nuveen Municipal Value Fund during the 3rd quarter worth approximately $10,409,000. Rivernorth Capital Management LLC increased its stake in Nuveen Municipal Value Fund by 9.1% during the third quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock worth $66,935,000 after acquiring an additional 618,364 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Nuveen Municipal Value Fund by 38.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 896,990 shares of the closed-end fund’s stock valued at $8,091,000 after purchasing an additional 250,517 shares during the period. Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of Nuveen Municipal Value Fund in the 3rd quarter valued at $914,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Nuveen Municipal Value Fund during the 3rd quarter worth $824,000. 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.