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

Nuveen New York Municipal Value Fund (NYSE:NNY) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 19,400 shares, a drop of 35.8% from the September 15th total of 30,200 shares. Based on an average daily volume of 40,900 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Drucker Wealth 3.0 LLC purchased a new position in shares of Nuveen New York Municipal Value Fund during the 2nd quarter worth $104,000. Wolverine Asset Management LLC lifted its position in shares of 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 purchasing an additional 42,363 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in shares of 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 valued at $7,539,000 after purchasing an additional 59,926 shares during the period. Herold Advisors Inc. grew its holdings in shares of Nuveen New York Municipal Value Fund by 10.8% in the second quarter. Herold Advisors Inc. now owns 31,668 shares of the investment management company’s stock valued at $263,000 after purchasing an additional 3,095 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Nuveen New York Municipal Value Fund by 2.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 304,922 shares of the investment management company’s stock worth $2,528,000 after buying an additional 8,425 shares during the period. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Nuveen New York Municipal Value Fund Price Performance

Shares of Nuveen New York Municipal Value Fund stock remained flat at $8.52 on Monday. The stock had a trading volume of 63,152 shares, compared to its average volume of 42,016. Nuveen New York Municipal Value Fund has a fifty-two week low of $7.58 and a fifty-two week high of $8.70. The stock’s fifty day moving average is $8.53 and its 200-day moving average is $8.35.

Nuveen New York Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.0295 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.