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

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.

Several large investors have recently bought and sold shares of the company. Stifel Financial Corp increased its holdings in shares of Nuveen New York Municipal Value Fund by 138.1% during the 4th quarter. Stifel Financial Corp now owns 38,100 shares of the investment management company’s stock valued at $376,000 after purchasing an additional 22,100 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of Nuveen New York Municipal Value Fund by 149.3% during the 4th quarter. Guggenheim Capital LLC now owns 132,689 shares of the investment management company’s stock valued at $1,308,000 after purchasing an additional 79,471 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in Nuveen New York Municipal Value Fund by 27.7% in the 4th quarter. Tortoise Investment Management LLC now owns 306,685 shares of the investment management company’s stock worth $3,024,000 after acquiring an additional 66,489 shares in the last quarter. Fiera Capital Corp acquired a new position in Nuveen New York Municipal Value Fund during the fourth quarter worth $505,000. Finally, St. James Investment Advisors LLC acquired a new position in Nuveen New York Municipal Value Fund during the fourth quarter worth $89,000. 22.32% of the stock is owned by hedge funds and other institutional investors.

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.

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