Nuveen New York Municipal Value Fund (NYSE:NNY) Short Interest Down 44.4% in February

Nuveen New York Municipal Value Fund (NYSE:NNY) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 20,200 shares, a decline 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 presently 0.3 days.

Hedge Funds Weigh In On Nuveen New York Municipal Value Fund

Several institutional investors have recently modified their holdings of NNY. Stifel Financial Corp increased its stake in Nuveen New York Municipal Value Fund by 3.9% during the 4th quarter. Stifel Financial Corp now owns 38,712 shares of the investment management company’s stock worth $311,000 after purchasing an additional 1,440 shares in the last quarter. Wells Fargo & Company MN grew 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 buying an additional 1,783 shares in the last quarter. Pacific Wealth Strategies Group Inc. bought a new position in shares of Nuveen New York Municipal Value Fund in the fourth quarter valued at $80,000. Guggenheim Capital LLC lifted its holdings in Nuveen New York Municipal Value Fund by 6.3% during the 4th 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 last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Nuveen New York Municipal Value Fund by 761.0% during the 3rd 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 last quarter. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Nuveen New York Municipal Value Fund Stock Down 0.0 %

Nuveen New York Municipal Value Fund stock opened at $8.36 on Tuesday. The stock 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 has a 12-month low of $7.96 and a 12-month high of $8.70.

Nuveen New York Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.0295 per share. The ex-dividend date was Friday, February 14th. This represents a $0.35 annualized dividend and a dividend yield of 4.23%.

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.