Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 24,900 shares, a drop of 18.6% from the March 15th total of 30,600 shares. Based on an average trading volume of 46,800 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold.
Nuveen New York Municipal Value Fund Stock Performance
Shares of NYSE NNY traded up $0.06 during mid-day trading on Thursday, reaching $8.10. 61,756 shares of the company were exchanged, compared to its average volume of 50,743. Nuveen New York Municipal Value Fund has a twelve month low of $7.86 and a twelve month high of $8.70. The company's 50-day simple moving average is $8.21 and its 200-day simple moving average is $8.25.
Nuveen New York Municipal Value Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.0295 dividend. This represents a $0.35 annualized dividend and a yield of 4.37%. The ex-dividend date is Tuesday, April 15th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Grove Bank & Trust bought a new position in Nuveen New York Municipal Value Fund during the 1st quarter worth approximately $33,000. Opal Wealth Advisors LLC bought a new position in Nuveen New York Municipal Value Fund during the first quarter valued at about $36,000. Pacific Wealth Strategies Group Inc. bought a new stake in shares of Nuveen New York Municipal Value Fund in the 4th quarter worth approximately $80,000. Nomura Holdings Inc. purchased a new position in shares of Nuveen New York Municipal Value Fund during the 4th quarter valued at $196,000. Finally, Stifel Financial Corp increased its stake in shares of 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 worth $311,000 after purchasing an additional 1,440 shares in the last quarter. Institutional investors own 22.57% of the company's stock.
Nuveen New York Municipal Value Fund Company Profile
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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.
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