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%.
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.
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