Nuveen New York Municipal Value Fund (NYSE:NNY) Short Interest Up 31.9% in March

Nuveen New York Municipal Value Fund (NYSE:NNY) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 30,600 shares, an increase of 31.9% from the February 28th total of 23,200 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 61,700 shares, the short-interest ratio is currently 0.5 days.

Nuveen New York Municipal Value Fund Stock Up 0.4 %

Shares of NYSE:NNY traded up $0.03 during midday trading on Monday, reaching $8.28. 48,687 shares of the company’s stock were exchanged, compared to its average volume of 50,039. The firm’s 50 day simple moving average is $8.25 and its two-hundred day simple moving average is $8.31. Nuveen New York Municipal Value Fund has a fifty-two week low of $7.96 and a fifty-two week high of $8.70.

Nuveen New York Municipal Value Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.0295 per share. The ex-dividend date is Friday, March 14th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.28%.

Institutional Trading of Nuveen New York Municipal Value Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its position in shares of Nuveen New York Municipal Value Fund by 13.2% during the fourth quarter. Tortoise Investment Management LLC now owns 1,015,670 shares of the investment management company’s stock worth $8,169,000 after buying an additional 118,684 shares during the period. 1607 Capital Partners LLC grew its position in Nuveen New York Municipal Value Fund by 6.4% in the 4th quarter. 1607 Capital Partners LLC now owns 705,978 shares of the investment management company’s stock valued at $5,678,000 after acquiring an additional 42,351 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of Nuveen New York Municipal Value Fund by 6.3% during the fourth quarter. Guggenheim Capital LLC now owns 337,840 shares of the investment management company’s stock worth $2,716,000 after purchasing an additional 19,974 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Nuveen New York Municipal Value Fund by 68.3% in the fourth quarter. Wolverine Asset Management LLC now owns 167,757 shares of the investment management company’s stock valued at $1,349,000 after purchasing an additional 68,101 shares during the period. Finally, Leigh Baldwin & CO. LLC purchased a new position in shares of Nuveen New York Municipal Value Fund in the fourth quarter valued at approximately $848,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

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.