Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 9,600 shares, a decline of 40.4% from the April 30th total of 16,100 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 43,100 shares, the days-to-cover ratio is currently 0.2 days.
Nuveen New York Municipal Value Fund Stock Down 0.2%
Shares of NNY traded down $0.02 during trading hours on Monday, hitting $8.17. 24,898 shares of the stock were exchanged, compared to its average volume of 50,962. Nuveen New York Municipal Value Fund has a 12-month low of $7.86 and a 12-month high of $9.06. The stock's 50-day moving average price is $8.18 and its two-hundred day moving average price is $8.21.
Nuveen New York Municipal Value Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a $0.0295 dividend. This represents a $0.35 annualized dividend and a yield of 4.34%. The ex-dividend date is Thursday, May 15th.
Institutional Trading of Nuveen New York Municipal Value Fund
Several large investors have recently added to or reduced their stakes in NNY. Grove Bank & Trust acquired a new position in shares of Nuveen New York Municipal Value Fund in the 1st quarter valued at $33,000. Opal Wealth Advisors LLC acquired a new position in shares of Nuveen New York Municipal Value Fund in the 1st quarter valued at $36,000. Pacific Wealth Strategies Group Inc. acquired a new position in shares of Nuveen New York Municipal Value Fund in the 4th quarter valued at $80,000. XTX Topco Ltd acquired a new position in shares of Nuveen New York Municipal Value Fund in the 1st quarter valued at $87,000. Finally, Nomura Holdings Inc. acquired a new stake in Nuveen New York Municipal Value Fund in the 4th quarter valued at about $196,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.
About Nuveen New York Municipal Value Fund
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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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