Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Get Free Report) was the recipient of a significant 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 short-interest ratio is presently 0.0 days.
Institutional Investors Weigh In On Nuveen Municipal Value Fund
Several institutional investors have recently bought and sold shares of NUV. Hobbs Group Advisors LLC acquired a new position in shares of Nuveen Municipal Value Fund during the 2nd quarter worth approximately $25,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Nuveen Municipal Value Fund during the 2nd quarter worth approximately $36,000. Family Firm Inc. bought a new stake in Nuveen Municipal Value Fund in the 2nd quarter valued at $38,000. ORG Partners LLC bought a new stake in Nuveen Municipal Value Fund in the 1st quarter valued at $84,000. Finally, High Net Worth Advisory Group LLC bought a new stake in Nuveen Municipal Value Fund in the 1st quarter valued at $87,000. Institutional investors own 22.50% of the company’s stock.
Nuveen Municipal Value Fund Price Performance
NUV traded up $0.05 during midday trading on Monday, reaching $9.07. 399,914 shares of the company were exchanged, compared to its average volume of 412,288. Nuveen Municipal Value Fund has a one year low of $7.86 and a one year high of $9.08. The stock’s 50-day simple moving average is $8.81 and its 200 day simple moving average is $8.66.
Nuveen Municipal Value Fund Cuts Dividend
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.
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