Nuveen New York Municipal Value Fund (NYSE:NNY) Short Interest Down 44.4% in February

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

Nuveen New York Municipal Value Fund Trading Down 0.0 %

Nuveen New York Municipal Value Fund stock opened at $8.36 on Tuesday. Nuveen New York Municipal Value Fund has a 12-month low of $7.96 and a 12-month high of $8.70. The business’s 50-day moving average price is $8.17 and its two-hundred day moving average price is $8.35.

Nuveen New York Municipal Value Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Friday, February 14th.

Hedge Funds Weigh In On Nuveen New York Municipal Value Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tortoise Investment Management LLC lifted its stake in 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 valued at $8,169,000 after buying an additional 118,684 shares during the period. Leigh Baldwin & CO. LLC acquired a new position in Nuveen New York Municipal Value Fund in the fourth quarter valued at approximately $848,000. Logan Stone Capital LLC acquired a new position in Nuveen New York Municipal Value Fund in the fourth quarter valued at approximately $765,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Nuveen New York Municipal Value Fund in the fourth quarter valued at approximately $591,000. Finally, Wolverine Asset Management LLC lifted its stake in 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 buying an additional 68,101 shares during the period. 22.57% of the stock is owned by institutional investors and hedge funds.

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.