Short Interest in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Drops By 30.7%

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 16,500 shares, a drop of 30.7% from the August 15th total of 23,800 shares. Based on an average daily trading volume, of 407,500 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Nuveen Municipal Value Fund

Several large investors have recently made changes to their positions in NUV. UBS Group AG boosted its holdings in Nuveen Municipal Value Fund by 27.5% during the fourth quarter. UBS Group AG now owns 5,607,096 shares of the closed-end fund’s stock worth $48,221,000 after purchasing an additional 1,208,804 shares during the last quarter. Relative Value Partners Group LLC purchased a new stake in Nuveen Municipal Value Fund in the fourth quarter valued at approximately $7,420,000. True North Advisors LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the 1st quarter valued at $4,337,000. Tortoise Investment Management LLC lifted its stake in Nuveen Municipal Value Fund by 27.1% during the fourth quarter. Tortoise Investment Management LLC now owns 1,611,003 shares of the closed-end fund’s stock worth $13,855,000 after purchasing an additional 343,815 shares during the last quarter. Finally, Williams Financial LLC bought a new stake in Nuveen Municipal Value Fund in the 2nd quarter worth approximately $2,661,000. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Up 0.2 %

NYSE:NUV traded up $0.02 during trading hours on Friday, hitting $9.02. 685,852 shares of the company were exchanged, compared to its average volume of 412,358. The company has a fifty day simple moving average of $8.80 and a 200 day simple moving average of $8.66. Nuveen Municipal Value Fund has a one year low of $7.86 and a one year high of $9.07.

Nuveen Municipal Value Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.031 per share. The ex-dividend date is Friday, September 13th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 4.12%.

About Nuveen Municipal Value Fund

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.