Short Interest in Nuveen New York Municipal Value Fund (NYSE:NNY) Increases By 31.9%

Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 30,600 shares, a growth of 31.9% from the February 28th total of 23,200 shares. Based on an average daily volume of 61,700 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Nuveen New York Municipal Value Fund Price Performance

Shares of NYSE:NNY traded down $0.04 during midday trading on Friday, reaching $8.28. 70,917 shares of the company were exchanged, compared to its average volume of 50,275. Nuveen New York Municipal Value Fund has a one year low of $7.96 and a one year high of $8.70. The business's fifty day moving average is $8.26 and its two-hundred day moving average is $8.31.

Nuveen New York Municipal Value Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.0295 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.35 annualized dividend and a yield of 4.28%.

Institutional Trading of Nuveen New York Municipal Value Fund

Institutional investors have recently bought and sold shares of the stock. Tortoise Investment Management LLC raised its stake in shares of Nuveen New York Municipal Value Fund by 13.2% in the fourth quarter. Tortoise Investment Management LLC now owns 1,015,670 shares of the investment management company's stock valued at $8,169,000 after acquiring an additional 118,684 shares during the period. Leigh Baldwin & CO. LLC purchased a new stake in Nuveen New York Municipal Value Fund in the 4th quarter worth about $848,000. Logan Stone Capital LLC bought a new stake in Nuveen New York Municipal Value Fund in the fourth quarter worth about $765,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Nuveen New York Municipal Value Fund during the fourth quarter valued at approximately $591,000. Finally, Wolverine Asset Management LLC grew its stake in shares of Nuveen New York Municipal Value Fund by 68.3% during 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 buying an additional 68,101 shares during the last quarter. 22.57% of the stock is currently owned by institutional investors.

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.