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

Nuveen New York Municipal Value Fund (NYSE:NNY) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 6,100 shares, a drop of 41.3% from the October 31st total of 10,400 shares. Based on an average daily volume of 45,400 shares, the short-interest ratio is presently 0.1 days.

Nuveen New York Municipal Value Fund Stock Up 0.1 %

Nuveen New York Municipal Value Fund stock traded up $0.01 during midday trading on Thursday, hitting $8.37. The stock had a trading volume of 50,824 shares, compared to its average volume of 43,136. The business has a fifty day moving average price of $8.45 and a 200 day moving average price of $8.39. Nuveen New York Municipal Value Fund has a 12 month low of $7.92 and a 12 month high of $8.70.

Nuveen New York Municipal Value Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.0295 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.23%.

Hedge Funds Weigh In On Nuveen New York Municipal Value Fund

Several large investors have recently added to or reduced their stakes in the company. Stifel Financial Corp increased its stake in Nuveen New York Municipal Value Fund by 4.4% during the third quarter. Stifel Financial Corp now owns 37,272 shares of the investment management company’s stock valued at $321,000 after purchasing an additional 1,559 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of 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 buying an additional 21,620 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new stake in Nuveen New York Municipal Value Fund during the second quarter worth about $104,000. Wolverine Asset Management LLC raised its stake in Nuveen New York Municipal Value Fund by 58.4% during the second 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. Finally, Tortoise Investment Management LLC lifted its holdings in Nuveen New York Municipal Value Fund by 7.1% in the second 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. 22.57% of the stock is currently owned by institutional investors.

About Nuveen New York Municipal Value Fund

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.