Nuveen New York Municipal Value Fund (NYSE:NNY) Short Interest Down 25.7% in August

Nuveen New York Municipal Value Fund (NYSE:NNY) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 34,700 shares, a drop of 25.7% from the August 15th total of 46,700 shares. Based on an average daily volume of 39,700 shares, the days-to-cover ratio is currently 0.9 days.

Nuveen New York Municipal Value Fund Price Performance

NYSE NNY traded up $0.02 during trading on Friday, hitting $8.56. 87,431 shares of the company traded hands, compared to its average volume of 43,243. Nuveen New York Municipal Value Fund has a 12 month low of $7.58 and a 12 month high of $8.62. The business has a fifty day simple moving average of $8.45 and a 200 day simple moving average of $8.32.

Nuveen New York Municipal Value Fund Dividend Announcement

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

Institutional Investors Weigh In On Nuveen New York Municipal Value Fund

A number of large investors have recently added to or reduced their stakes in the stock. Drucker Wealth 3.0 LLC acquired a new stake in shares of Nuveen New York Municipal Value Fund in the second quarter worth $104,000. Wolverine Asset Management LLC raised its holdings in Nuveen New York Municipal Value Fund by 58.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 114,877 shares of the investment management company’s stock worth $952,000 after acquiring an additional 42,363 shares during the period. Tortoise Investment Management LLC lifted its position in Nuveen New York Municipal Value Fund by 7.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 909,458 shares of the investment management company’s stock worth $7,539,000 after acquiring an additional 59,926 shares during the last quarter. Herold Advisors Inc. boosted its holdings in Nuveen New York Municipal Value Fund by 10.8% during the second quarter. Herold Advisors Inc. now owns 31,668 shares of the investment management company’s stock valued at $263,000 after acquiring an additional 3,095 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of Nuveen New York Municipal Value Fund by 2.8% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 304,922 shares of the investment management company’s stock valued at $2,528,000 after purchasing an additional 8,425 shares during the last quarter. 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.