Nuveen New York Municipal Value Fund (NYSE:NNY) Sees Significant Decrease in Short Interest

Nuveen New York Municipal Value Fund (NYSE:NNY) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 30,200 shares, a decrease of 13.0% from the August 31st total of 34,700 shares. Based on an average trading volume of 41,700 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new stake in Nuveen New York Municipal Value Fund during the 2nd quarter worth $35,000. Drucker Wealth 3.0 LLC acquired a new stake in shares of Nuveen New York Municipal Value Fund during the second quarter worth about $104,000. Cim LLC purchased a new stake in shares of Nuveen New York Municipal Value Fund in the 4th quarter valued at about $118,000. Herold Advisors Inc. boosted its position in shares of Nuveen New York Municipal Value Fund by 10.8% in the 2nd quarter. Herold Advisors Inc. now owns 31,668 shares of the investment management company’s stock valued at $263,000 after purchasing an additional 3,095 shares during the period. Finally, Wolverine Asset Management LLC grew its stake in Nuveen New York Municipal Value Fund by 58.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 114,877 shares of the investment management company’s stock worth $952,000 after buying an additional 42,363 shares during the last quarter. Institutional investors and hedge funds own 22.57% of the company’s stock.

Nuveen New York Municipal Value Fund Price Performance

Shares of NYSE NNY opened at $8.56 on Friday. The stock’s 50-day simple moving average is $8.49 and its 200-day simple moving average is $8.33. Nuveen New York Municipal Value Fund has a fifty-two week low of $7.58 and a fifty-two week high of $8.62.

Nuveen New York Municipal Value Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $0.0295 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.35 annualized dividend and a dividend yield of 4.14%.

Nuveen New York Municipal Value Fund Company Profile

Nuveen New York 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 New York. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.