Nuveen Enhanced Municipal Value Fund (NYSE:NEV) Short Interest Down 36.7% in April

Nuveen Enhanced Municipal Value Fund (NYSE:NEVGet Rating) saw a large decrease in short interest in April. As of April 30th, there was short interest totalling 27,400 shares, a decrease of 36.7% from the April 15th total of 43,300 shares. Based on an average daily volume of 77,300 shares, the short-interest ratio is presently 0.4 days.

Shares of Nuveen Enhanced Municipal Value Fund stock opened at $11.59 on Friday. Nuveen Enhanced Municipal Value Fund has a 12-month low of $11.55 and a 12-month high of $17.65. The business’s 50 day moving average is $12.58 and its 200-day moving average is $14.11.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be issued a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend is Thursday, May 12th.

Several hedge funds have recently bought and sold shares of the stock. City of London Investment Management Co. Ltd. increased its holdings in shares of Nuveen Enhanced Municipal Value Fund by 206.0% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 52,484 shares of the company’s stock worth $683,000 after acquiring an additional 35,332 shares during the last quarter. Worth Asset Management LLC acquired a new position in shares of Nuveen Enhanced Municipal Value Fund during the 1st quarter worth approximately $141,000. First Trust Advisors LP grew its holdings in Nuveen Enhanced Municipal Value Fund by 7.1% in the 1st quarter. First Trust Advisors LP now owns 92,948 shares of the company’s stock valued at $1,210,000 after buying an additional 6,194 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Nuveen Enhanced Municipal Value Fund by 7.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 22,946 shares of the company’s stock valued at $299,000 after buying an additional 1,581 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Nuveen Enhanced Municipal Value Fund by 4.1% in the 1st quarter. Van ECK Associates Corp now owns 134,863 shares of the company’s stock valued at $1,756,000 after buying an additional 5,261 shares in the last quarter.

About Nuveen Enhanced Municipal Value Fund (Get Rating)

Nuveen Enhanced Municipal Value Fund 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 invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes.

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