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

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 135,400 shares, an increase of 111.9% from the January 31st total of 63,900 shares. Based on an average trading volume of 538,500 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NUV. Good Life Advisors LLC lifted its position in Nuveen Municipal Value Fund by 2.9% during the 4th quarter. Good Life Advisors LLC now owns 41,961 shares of the closed-end fund’s stock worth $360,000 after acquiring an additional 1,186 shares during the last quarter. Mariner LLC increased its position in Nuveen Municipal Value Fund by 2.5% in the 4th quarter. Mariner LLC now owns 56,910 shares of the closed-end fund’s stock worth $489,000 after buying an additional 1,390 shares during the period. Private Trust Co. NA lifted its holdings in shares of Nuveen Municipal Value Fund by 35.7% during the third quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock worth $51,000 after buying an additional 1,500 shares during the last quarter. Optimum Investment Advisors lifted its holdings in shares of Nuveen Municipal Value Fund by 3.0% during the fourth quarter. Optimum Investment Advisors now owns 51,200 shares of the closed-end fund’s stock worth $440,000 after buying an additional 1,500 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its stake in shares of Nuveen Municipal Value Fund by 12.1% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 14,800 shares of the closed-end fund’s stock worth $133,000 after acquiring an additional 1,600 shares during the last quarter. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Up 0.4 %

NUV traded up $0.04 on Friday, hitting $8.89. The company had a trading volume of 592,904 shares, compared to its average volume of 405,946. The company’s fifty day moving average price is $8.73 and its 200 day moving average price is $8.85. Nuveen Municipal Value Fund has a 1-year low of $8.35 and a 1-year high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Friday, February 14th.

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.