Nuveen New York Municipal Value Fund (NYSE:NNY – Get Rating) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 8,700 shares, a decline of 23.7% from the March 15th total of 11,400 shares. Based on an average daily volume of 30,500 shares, the days-to-cover ratio is currently 0.3 days.
Shares of NYSE:NNY traded down $0.17 during trading on Monday, hitting $8.88. 42,640 shares of the stock traded hands, compared to its average volume of 33,217. The business’s fifty day simple moving average is $9.29. Nuveen New York Municipal Value Fund has a 52-week low of $8.85 and a 52-week high of $10.35.
The company also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th will be issued a dividend of $0.023 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Wednesday, April 13th.
About Nuveen New York Municipal Value Fund (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Nuveen New York Municipal Value Fund (NNY)
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