Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Get Free Report) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 16,500 shares, a drop of 30.7% from the August 15th total of 23,800 shares. Based on an average trading volume of 407,500 shares, the days-to-cover ratio is presently 0.0 days.
Nuveen Municipal Value Fund Trading Up 0.6 %
NUV stock traded up $0.05 during mid-day trading on Monday, reaching $9.07. The company’s stock had a trading volume of 399,914 shares, compared to its average volume of 412,288. The business’s 50 day moving average price is $8.80 and its 200 day moving average price is $8.66. Nuveen Municipal Value Fund has a 12 month low of $7.86 and a 12 month high of $9.08.
Nuveen Municipal Value Fund Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a $0.031 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.37 dividend on an annualized basis and a yield of 4.10%.
Institutional Investors Weigh In On Nuveen Municipal Value Fund
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.
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