Nuveen New York Municipal Value Fund (NYSE:NNY) Short Interest Update

Nuveen New York Municipal Value Fund (NYSE:NNY) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 20,200 shares, a decrease of 44.4% from the January 31st total of 36,300 shares. Based on an average daily trading volume, of 76,100 shares, the short-interest ratio is currently 0.3 days.

Nuveen New York Municipal Value Fund Price Performance

NNY opened at $8.31 on Friday. Nuveen New York Municipal Value Fund has a 12 month low of $7.96 and a 12 month high of $8.70. The business has a 50 day simple moving average of $8.17 and a 200-day simple moving average of $8.35.

Nuveen New York Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.0295 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.35 annualized dividend and a dividend yield of 4.26%.

Hedge Funds Weigh In On Nuveen New York Municipal Value Fund

A number of large investors have recently made changes to their positions in the stock. Stifel Financial Corp lifted its stake in shares of Nuveen New York Municipal Value Fund by 3.9% in the fourth quarter. Stifel Financial Corp now owns 38,712 shares of the investment management company’s stock valued at $311,000 after purchasing an additional 1,440 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Nuveen New York Municipal Value Fund by 2.8% in the fourth quarter. Wells Fargo & Company MN now owns 64,720 shares of the investment management company’s stock valued at $521,000 after purchasing an additional 1,783 shares during the period. Pacific Wealth Strategies Group Inc. acquired a new stake in shares of Nuveen New York Municipal Value Fund in the fourth quarter valued at about $80,000. Guggenheim Capital LLC lifted its stake in shares of Nuveen New York Municipal Value Fund by 6.3% in the fourth quarter. Guggenheim Capital LLC now owns 337,840 shares of the investment management company’s stock valued at $2,716,000 after purchasing an additional 19,974 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Nuveen New York Municipal Value Fund by 761.0% in the third quarter. International Assets Investment Management LLC now owns 24,461 shares of the investment management company’s stock valued at $211,000 after purchasing an additional 21,620 shares during the period. Hedge funds and other institutional investors own 22.57% of the company’s stock.

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.