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

by · The Markets Daily

Nuveen New York Municipal Value Fund (NYSE:NNY – Get Free Report) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 24,900 shares, a decline of 18.6% from the March 15th total of 30,600 shares. Based on an average daily trading volume, of 46,800 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NNY. Nomura Holdings Inc. bought a new position in shares of Nuveen New York Municipal Value Fund during the 4th quarter worth approximately $196,000. Stifel Financial Corp boosted its position in 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 worth $311,000 after purchasing an additional 1,440 shares during the last quarter. Logan Stone Capital LLC bought a new position in Nuveen New York Municipal Value Fund in the 4th quarter valued at $765,000. Raymond James Financial Inc. purchased a new stake in shares of Nuveen New York Municipal Value Fund during the 4th quarter valued at $373,000. Finally, Wells Fargo & Company MN raised its stake in shares of Nuveen New York Municipal Value Fund by 2.8% during the 4th quarter. Wells Fargo & Company MN now owns 64,720 shares of the investment management company’s stock worth $521,000 after purchasing an additional 1,783 shares during the period. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen New York Municipal Value Fund Trading Down 0.2 %

Nuveen New York Municipal Value Fund stock traded down $0.02 during trading on Monday, hitting $7.99. 69,530 shares of the company were exchanged, compared to its average volume of 50,619. The business’s 50 day moving average is $8.22 and its 200 day moving average is $8.26. Nuveen New York Municipal Value Fund has a 52 week low of $7.86 and a 52 week high of $8.70.

Nuveen New York Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.0295 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.35 annualized dividend and a dividend yield of 4.43%.

About Nuveen New York Municipal Value Fund

(Get Free Report)

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.

See Also