Short Interest in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Declines By 74.1%

Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Get Rating) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totalling 122,200 shares, a decline of 74.1% from the April 30th total of 471,700 shares. Based on an average trading volume of 539,800 shares, the short-interest ratio is presently 0.2 days.

A number of hedge funds have recently made changes to their positions in the stock. Chilton Capital Management LLC acquired a new position in shares of Nuveen Municipal Value Fund in the 4th quarter valued at about $26,000. Citigroup Inc. lifted its holdings in shares of Nuveen Municipal Value Fund by 98.7% in the 1st quarter. Citigroup Inc. now owns 2,981 shares of the closed-end fund’s stock valued at $29,000 after buying an additional 1,481 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Nuveen Municipal Value Fund by 312.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,769 shares of the closed-end fund’s stock valued at $42,000 after buying an additional 2,856 shares during the period. Segantii Capital Management Ltd acquired a new position in shares of Nuveen Municipal Value Fund in the 4th quarter valued at about $49,000. Finally, TFO TDC LLC acquired a new position in shares of Nuveen Municipal Value Fund in the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Shares of NUV traded up $0.12 during trading hours on Thursday, hitting $9.25. The company had a trading volume of 23,270 shares, compared to its average volume of 570,825. Nuveen Municipal Value Fund has a one year low of $8.70 and a one year high of $11.94. The company’s fifty day moving average price is $9.20 and its two-hundred day moving average price is $9.82.

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 paid a dividend of $0.028 per share. The ex-dividend date is Thursday, May 12th. This represents a $0.34 annualized dividend and a yield of 3.63%.

Nuveen Municipal Value Fund Company Profile (Get Rating)

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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