Short Interest in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Declines By 75.2%

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 33,700 shares, a decrease of 75.2% from the October 31st total of 135,800 shares. Based on an average daily volume of 454,900 shares, the short-interest ratio is currently 0.1 days.

Nuveen Municipal Value Fund Stock Up 1.1 %

NUV traded up $0.10 during trading on Wednesday, hitting $8.92. The company’s stock had a trading volume of 376,754 shares, compared to its average volume of 424,907. The business’s 50 day simple moving average is $8.97 and its 200-day simple moving average is $8.79. Nuveen Municipal Value Fund has a one year low of $8.35 and a one year high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.031 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.37 dividend on an annualized basis and a yield of 4.17%.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rivernorth Capital Management LLC lifted its holdings in Nuveen Municipal Value Fund by 9.1% during the third quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock valued at $66,935,000 after purchasing an additional 618,364 shares in the last quarter. Tortoise Investment Management LLC raised its position in shares of Nuveen Municipal Value Fund by 11.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,999,613 shares of the closed-end fund’s stock valued at $17,257,000 after purchasing an additional 202,782 shares during the period. Van ECK Associates Corp lifted its stake in shares of Nuveen Municipal Value Fund by 7.5% during the 2nd quarter. Van ECK Associates Corp now owns 1,218,863 shares of the closed-end fund’s stock valued at $10,519,000 after buying an additional 85,446 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in Nuveen Municipal Value Fund in the 3rd quarter worth $10,409,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Nuveen Municipal Value Fund by 38.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 896,990 shares of the closed-end fund’s stock worth $8,091,000 after buying an additional 250,517 shares during the period. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

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.