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

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 270,600 shares, a growth of 133.3% from the March 15th total of 116,000 shares. Based on an average trading volume of 451,100 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Nuveen Municipal Value Fund

Several institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of Nuveen Municipal Value Fund in the 4th quarter valued at about $19,874,000. Kovitz Investment Group Partners LLC increased its holdings in Nuveen Municipal Value Fund by 69.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,954,981 shares of the closed-end fund’s stock valued at $16,793,000 after buying an additional 800,998 shares in the last quarter. Rivernorth Capital Management LLC lifted its position in shares of Nuveen Municipal Value Fund by 9.1% during the 3rd quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock valued at $66,935,000 after acquiring an additional 618,364 shares during the period. Essential Planning LLC. purchased a new stake in shares of Nuveen Municipal Value Fund during the 4th quarter worth approximately $4,691,000. Finally, 1607 Capital Partners LLC grew its holdings in shares of Nuveen Municipal Value Fund by 24.8% in the 4th quarter. 1607 Capital Partners LLC now owns 2,655,203 shares of the closed-end fund’s stock worth $22,808,000 after acquiring an additional 526,883 shares during the period. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Down 0.1 %

Shares of NUV opened at $8.55 on Friday. The stock’s 50 day moving average is $8.74 and its two-hundred day moving average is $8.80. Nuveen Municipal Value Fund has a twelve month low of $8.35 and a twelve month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 4.56%. The ex-dividend date is Tuesday, April 15th.

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.