Short Interest in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Declines By 39.0%

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 38,600 shares, a decline of 39.0% from the December 31st total of 63,300 shares. Based on an average daily trading volume, of 588,800 shares, the days-to-cover ratio is currently 0.1 days.

Nuveen Municipal Value Fund Trading Down 0.3 %

NYSE:NUV traded down $0.03 during trading hours on Wednesday, reaching $8.70. The company had a trading volume of 491,768 shares, compared to its average volume of 418,988. The firm’s 50 day moving average price is $8.72 and its 200-day moving average price is $8.84. Nuveen Municipal Value Fund has a 52 week low of $8.35 and a 52 week high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Wednesday, January 15th.

Institutional Investors Weigh In On Nuveen Municipal Value Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Private Trust Co. NA increased its stake in shares of Nuveen Municipal Value Fund by 35.7% in the third quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock worth $51,000 after purchasing an additional 1,500 shares in the last quarter. Barrett & Company Inc. boosted its holdings in Nuveen Municipal Value Fund by 70.8% in the 4th quarter. Barrett & Company Inc. now owns 8,445 shares of the closed-end fund’s stock worth $73,000 after buying an additional 3,500 shares during the period. CWM LLC increased its stake in Nuveen Municipal Value Fund by 204.5% in the 3rd quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock worth $85,000 after buying an additional 6,347 shares in the last quarter. Narwhal Capital Management bought a new stake in Nuveen Municipal Value Fund during the fourth quarter valued at about $86,000. Finally, Radnor Capital Management LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the 3rd quarter worth approximately $90,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

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.