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 decline in short interest in the month of September. As of September 30th, there was short interest totalling 5,400 shares, a decline of 55.0% from the September 15th total of 12,000 shares. Based on an average daily volume of 26,900 shares, the short-interest ratio is presently 0.2 days.

NYSE:NNY traded up $0.08 on Thursday, reaching $9.82. The company’s stock had a trading volume of 17,499 shares, compared to its average volume of 26,212. The business’s 50-day moving average price is $10.11 and its two-hundred day moving average price is $9.97. Nuveen New York Municipal Value Fund has a 1-year low of $9.45 and a 1-year high of $10.85.

The business also recently announced a monthly dividend, which will be paid on Monday, November 1st. Investors of record on Friday, October 15th will be issued a dividend of $0.023 per share. The ex-dividend date of this dividend is Thursday, October 14th. This represents a $0.28 annualized dividend and a yield of 2.81%.

A number of large investors have recently added to or reduced their stakes in the business. Citigroup Inc. raised its stake in Nuveen New York Municipal Value Fund by 31.6% in the second quarter. Citigroup Inc. now owns 15,315 shares of the investment management company’s stock valued at $154,000 after buying an additional 3,675 shares during the period. Advisor Group Holdings Inc. raised its stake in Nuveen New York Municipal Value Fund by 107.0% in the second quarter. Advisor Group Holdings Inc. now owns 7,833 shares of the investment management company’s stock valued at $80,000 after buying an additional 4,049 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Nuveen New York Municipal Value Fund by 10.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 50,027 shares of the investment management company’s stock valued at $503,000 after purchasing an additional 4,656 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Nuveen New York Municipal Value Fund in the second quarter valued at approximately $54,000. Finally, Landscape Capital Management L.L.C. grew its position in shares of Nuveen New York Municipal Value Fund by 48.2% in the second quarter. Landscape Capital Management L.L.C. now owns 18,675 shares of the investment management company’s stock valued at $188,000 after purchasing an additional 6,077 shares during the last quarter. Hedge funds and other institutional investors own 13.29% of the company’s stock.

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.

Featured Article: Initial Coin Offering (ICO)

Receive News & Ratings for Nuveen New York Municipal Value Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen New York Municipal Value Fund and related companies with MarketBeat.com's FREE daily email newsletter.