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

Posted by Defense World Staff on Apr 27th, 2023

Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Get Rating) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 31,900 shares, a growth of 36.9% from the March 31st total of 23,300 shares. Based on an average trading volume of 344,600 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Raymond James & Associates raised its position in shares of Nuveen Municipal Value Fund by 195.3% in the 4th quarter. Raymond James & Associates now owns 2,486,790 shares of the closed-end fund’s stock worth $21,386,000 after purchasing an additional 1,644,526 shares during the last quarter. UBS Group AG raised its holdings in shares of Nuveen Municipal Value Fund by 15.3% during the 1st quarter. UBS Group AG now owns 3,386,917 shares of the closed-end fund’s stock worth $32,447,000 after acquiring an additional 450,637 shares in the last quarter. Tiedemann Advisors LLC increased its position in shares of Nuveen Municipal Value Fund by 70.4% during the 3rd quarter. Tiedemann Advisors LLC now owns 632,742 shares of the closed-end fund’s stock valued at $5,366,000 after purchasing an additional 261,459 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Nuveen Municipal Value Fund by 2,199.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 268,956 shares of the closed-end fund’s stock valued at $2,313,000 after purchasing an additional 257,257 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its position in shares of Nuveen Municipal Value Fund by 107.5% during the 4th quarter. Tortoise Investment Management LLC now owns 494,544 shares of the closed-end fund’s stock valued at $4,253,000 after purchasing an additional 256,234 shares during the last quarter. 17.32% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Stock Performance

NUV opened at $8.77 on Thursday. The firm has a 50-day moving average of $8.79 and a 200 day moving average of $8.73. Nuveen Municipal Value Fund has a fifty-two week low of $8.25 and a fifty-two week high of $9.56.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, May 1st. Investors of record on Friday, April 14th will be given a $0.028 dividend. This represents a $0.34 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Thursday, April 13th.

Nuveen Municipal Value Fund Company Profile

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Nuveen Municipal Value Fund, Inc is a closed-end diversified management investment fund. Its objective is current income exempt from federal income taxes and its secondary objective is the enhancement of portfolio value through selection of tax-exempt bonds and municipal market sectors. The company was founded on April 8, 1987 and is headquartered in Chicago, IL.