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

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 135,400 shares, a growth of 111.9% from the January 31st total of 63,900 shares. Based on an average trading volume of 538,500 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

Large investors have recently bought and sold shares of the business. Flagship Wealth Advisors LLC purchased a new position in Nuveen Municipal Value Fund in the fourth quarter valued at $27,000. South Plains Financial Inc. purchased a new position in Nuveen Municipal Value Fund in the fourth quarter valued at $37,000. Hurley Capital LLC purchased a new position in Nuveen Municipal Value Fund in the fourth quarter valued at $44,000. Private Trust Co. NA increased its holdings in Nuveen Municipal Value Fund by 35.7% in the third quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock valued at $51,000 after buying an additional 1,500 shares during the last quarter. Finally, Barrett & Company Inc. increased its holdings in Nuveen Municipal Value Fund by 70.8% in the fourth quarter. Barrett & Company Inc. now owns 8,445 shares of the closed-end fund’s stock valued at $73,000 after buying an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Up 0.4 %

Shares of Nuveen Municipal Value Fund stock traded up $0.04 during trading hours on Friday, reaching $8.89. 592,904 shares of the company were exchanged, compared to its average volume of 405,946. Nuveen Municipal Value Fund has a 1 year low of $8.35 and a 1 year high of $9.15. The stock’s fifty day moving average is $8.73 and its 200 day moving average is $8.85.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Friday, February 14th.

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.