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

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) saw a significant 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 daily volume of 451,100 shares, the days-to-cover ratio is presently 0.6 days.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV opened at $8.56 on Wednesday. Nuveen Municipal Value Fund has a 12 month low of $8.35 and a 12 month high of $9.15. The stock’s 50-day moving average is $8.75 and its two-hundred day moving average is $8.80.

Nuveen Municipal Value Fund Dividend Announcement

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

Institutional Trading of Nuveen Municipal Value Fund

Several large investors have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in Nuveen Municipal Value Fund during the 3rd quarter valued at $104,000. Stratos Wealth Partners LTD. grew its stake in shares of Nuveen Municipal Value Fund by 127.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 39,347 shares of the closed-end fund’s stock valued at $338,000 after acquiring an additional 22,015 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Nuveen Municipal Value Fund by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 169,053 shares of the closed-end fund’s stock worth $1,452,000 after acquiring an additional 4,770 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of Nuveen Municipal Value Fund in the fourth quarter worth about $548,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in Nuveen Municipal Value Fund by 39.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 13,988 shares of the closed-end fund’s stock valued at $120,000 after purchasing an additional 3,988 shares during the last quarter. Institutional investors and hedge funds own 22.50% of the company’s stock.

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.