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

Nuveen New York Municipal Value Fund (NYSE:NNY) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 13,100 shares, a growth of 36.5% from the May 15th total of 9,600 shares. Based on an average trading volume of 41,200 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Nuveen New York Municipal Value Fund Price Performance

NNY stock opened at $8.08 on Tuesday. The business has a 50 day simple moving average of $8.15 and a 200-day simple moving average of $8.19. Nuveen New York Municipal Value Fund has a twelve month low of $7.77 and a twelve month high of $8.87.

Nuveen New York Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.0295 per share. This represents a $0.35 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Friday, June 13th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tortoise Investment Management LLC grew its holdings in shares of Nuveen New York Municipal Value Fund by 0.7% during the first quarter. Tortoise Investment Management LLC now owns 1,022,429 shares of the investment management company’s stock worth $8,445,000 after buying an additional 6,759 shares during the last quarter. 1607 Capital Partners LLC grew its stake in shares of Nuveen New York Municipal Value Fund by 3.5% in the 1st quarter. 1607 Capital Partners LLC now owns 730,465 shares of the investment management company’s stock valued at $6,034,000 after purchasing an additional 24,487 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of Nuveen New York Municipal Value Fund by 6.3% in the 4th quarter. Guggenheim Capital LLC now owns 337,840 shares of the investment management company’s stock valued at $2,716,000 after purchasing an additional 19,974 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of 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 purchasing an additional 68,101 shares during the period. Finally, Leigh Baldwin & CO. LLC raised its stake in shares of Nuveen New York Municipal Value Fund by 2.0% during the first quarter. Leigh Baldwin & CO. LLC now owns 107,592 shares of the investment management company’s stock worth $889,000 after purchasing an additional 2,152 shares during the last quarter. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Nuveen New York Municipal Value Fund Company Profile

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.