Nuveen New York Municipal Value Fund (NYSE:NNY) Short Interest Down 25.7% in August

Nuveen New York Municipal Value Fund (NYSE:NNY) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 34,700 shares, a decrease of 25.7% from the August 15th total of 46,700 shares. Based on an average trading volume of 39,700 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Nuveen New York Municipal Value Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new stake in shares of Nuveen New York Municipal Value Fund in the second quarter valued at $35,000. Drucker Wealth 3.0 LLC purchased a new stake in shares of Nuveen New York Municipal Value Fund in the second quarter valued at $104,000. Cim LLC purchased a new stake in shares of Nuveen New York Municipal Value Fund in the fourth quarter valued at $118,000. Herold Advisors Inc. lifted its holdings in shares of Nuveen New York Municipal Value Fund by 10.8% in the second quarter. Herold 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 in the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Nuveen New York Municipal Value Fund by 58.4% in the second quarter. Wolverine Asset Management LLC now owns 114,877 shares of the investment management company’s stock valued at $952,000 after purchasing an additional 42,363 shares in the last quarter. Institutional investors and hedge funds own 22.57% of the company’s stock.

Nuveen New York Municipal Value Fund Trading Up 0.2 %

Shares of NYSE:NNY opened at $8.56 on Friday. Nuveen New York Municipal Value Fund has a one year low of $7.58 and a one year high of $8.62. The stock has a fifty day moving average of $8.44 and a 200-day moving average of $8.31.

Nuveen New York Municipal Value Fund Announces Dividend

The business 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 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.14%.

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.