Nuveen New York Municipal Value Fund (NYSE:NNY) is seeing a significant decrease in short interest

Nuveen New York Municipal Value Fund (NYSE:NNY – Get Free Report ) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 30,200 shares, down 13.0% from August 31st’s total of 31,800 shares. Based on an average trading volume of 41,700 shares, the days-to-cover ratio is currently 0.7 days.

Institutional inputs and outputs

Several large investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new stake in Nuveen New York Municipal Value Fund during the second quarter valued at $35,000. Drucker Wealth 3.0 LLC acquired a new stake in shares of Nuveen New York Municipal Value Fund in the second quarter valued at approximately $104,000. Cim LLC purchased a new stake in shares of Nuveen New York Municipal Value Fund in the 4th quarter valued at approximately $118,000. Herald Advisors Inc. boosted its position in shares of Nuveen New York Municipal Value Fund by 10.8% in the second quarter. Herald 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 during the period. Finally, Wolverine Asset Management LLC raised its stake in Nuveen New York Municipal Value Fund by 58.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 114,877 shares of the value investment management company’s stock $952,000 after buying an additional 42,363 shares during the last quarter. Institutional investors and hedge funds own 22.57% of the company’s shares.

Nuveen New York Municipal Value Fund Price Performance

Shares of NYSE NNY opened at $8.56 on Friday. The stock’s 50-day simple moving average is $8.49 and its 200-day simple moving average is $8.33. Nuveen New York Municipal Value Fund has a fifty-two week low of $7.58 and a fifty-two week high of $8.62.

Nuveen New York Municipal Value Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $0.0295 per share. The ex-dividend date of this dividend is Friday, September 13. This represents an annualized dividend of $0.35 and a dividend yield of 4.14%.

Company Profile for Nuveen New York Municipal Value Fund

(Get a free report)

Nuveen New York Municipal Value Fund, Inc is a closed-end fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. Invest in the New York fixed income markets. The fund invests in tax-exempt municipal bonds with a rating of Baa/BBB or higher.

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