Nuveen New York Municipal Value Fund (NYSE:NNY) Sees Large Decline in Short Interest

Nuveen New York Municipal Value Fund (NYSE:NNY) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 20,200 shares, a decrease of 44.4% from the January 31st total of 36,300 shares. Based on an average trading volume of 76,100 shares, the short-interest ratio is currently 0.3 days.

Nuveen New York Municipal Value Fund Stock Performance

Nuveen New York Municipal Value Fund stock traded down $0.00 during midday trading on Monday, reaching $8.36. 22,126 shares of the stock traded hands, compared to its average volume of 50,306. The company has a 50-day simple moving average of $8.17 and a two-hundred 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.0295 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Investors Weigh In On Nuveen New York Municipal Value Fund

Several large investors have recently added to or reduced their stakes in the business. Tortoise Investment Management LLC grew its stake in shares of Nuveen New York Municipal Value Fund by 13.2% in 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 acquiring an additional 118,684 shares in the last quarter. 1607 Capital Partners LLC boosted its holdings in Nuveen New York Municipal Value Fund by 6.4% in the fourth quarter. 1607 Capital Partners LLC now owns 705,978 shares of the investment management company’s stock valued at $5,678,000 after purchasing an additional 42,351 shares during the period. Guggenheim Capital LLC boosted its holdings in Nuveen New York Municipal Value Fund by 6.3% in the fourth 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 period. Wolverine Asset Management LLC grew its stake in Nuveen New York Municipal Value Fund by 68.3% during the 4th quarter. Wolverine Asset Management LLC now owns 167,757 shares of the investment management company’s stock worth $1,349,000 after purchasing an additional 68,101 shares in the last quarter. Finally, Leigh Baldwin & CO. LLC purchased a new stake in Nuveen New York Municipal Value Fund during the 4th quarter worth about $848,000. 22.57% of the stock is owned by hedge funds and other 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.