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

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 71,400 shares, an increase of 111.9% from the November 15th total of 33,700 shares. Based on an average daily trading volume, of 462,400 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Hobbs Group Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at about $25,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at approximately $36,000. Family Firm Inc. bought a new stake in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at approximately $38,000. Private Trust Co. NA boosted its holdings in shares of Nuveen Municipal Value Fund by 35.7% in the 3rd quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock worth $51,000 after purchasing an additional 1,500 shares during the period. Finally, CWM LLC increased its position in shares of Nuveen Municipal Value Fund by 204.5% during the 3rd quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock valued at $85,000 after purchasing an additional 6,347 shares during the last quarter. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Down 0.7 %

Shares of NYSE NUV traded down $0.06 during midday trading on Thursday, reaching $8.86. 482,198 shares of the stock traded hands, compared to its average volume of 426,957. The company’s 50 day moving average is $8.94 and its 200 day moving average is $8.81. Nuveen Municipal Value Fund has a one year low of $8.35 and a one year high of $9.15.

Nuveen Municipal Value Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.0325 per share. The ex-dividend date is Friday, December 13th. This represents a $0.39 annualized dividend and a yield of 4.40%.

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.