Nuveen New York Municipal Value Fund (NYSE:NNY) Short Interest Down 44.4% in February

Nuveen New York Municipal Value Fund (NYSE:NNY) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 20,200 shares, a decline of 44.4% from the January 31st total of 36,300 shares. Based on an average trading volume of 76,100 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Leigh Baldwin & CO. LLC purchased a new position in Nuveen New York Municipal Value Fund during the fourth quarter worth about $848,000. Nomura Holdings Inc. acquired a new stake in shares of Nuveen New York Municipal Value Fund during the 4th quarter worth approximately $196,000. Logan Stone Capital LLC purchased a new stake in shares of Nuveen New York Municipal Value Fund during the 4th quarter valued at approximately $765,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Nuveen New York Municipal Value Fund in the fourth quarter valued at approximately $591,000. Finally, Stifel Financial Corp lifted its holdings in Nuveen New York Municipal Value Fund by 3.9% in the fourth quarter. Stifel Financial Corp now owns 38,712 shares of the investment management company’s stock valued at $311,000 after acquiring an additional 1,440 shares during the last quarter. Institutional investors and hedge funds own 22.57% of the company’s stock.

Nuveen New York Municipal Value Fund Stock Down 0.0 %

NNY stock traded down $0.00 during mid-day trading on Monday, reaching $8.36. The company’s stock had a trading volume of 22,126 shares, compared to its average volume of 50,306. The company’s 50 day moving average is $8.17 and its two-hundred day moving average is $8.35. Nuveen New York Municipal Value Fund has a fifty-two week low of $7.96 and a fifty-two week high of $8.70.

Nuveen New York Municipal Value Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.0295 per share. The ex-dividend date is Friday, February 14th. This represents a $0.35 dividend on an annualized basis and a yield of 4.23%.

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.