Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 15,100 shares, a decrease of 39.4% from the March 31st total of 24,900 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 50,200 shares, the short-interest ratio is presently 0.3 days.
Institutional Investors Weigh In On Nuveen New York Municipal Value Fund
A number of large investors have recently added to or reduced their stakes in NNY. Grove Bank & Trust bought a new stake in shares of Nuveen New York Municipal Value Fund during the 1st quarter valued at $33,000. Opal Wealth Advisors LLC bought a new stake in Nuveen New York Municipal Value Fund during the first quarter worth about $36,000. Leigh Baldwin & CO. LLC acquired a new stake in Nuveen New York Municipal Value Fund during the fourth quarter worth about $848,000. Nomura Holdings Inc. bought a new position in Nuveen New York Municipal Value Fund in the 4th quarter valued at about $196,000. Finally, Logan Stone Capital LLC bought a new position in Nuveen New York Municipal Value Fund in the 4th quarter valued at about $765,000. Institutional investors and hedge funds own 22.57% of the company's stock.
Nuveen New York Municipal Value Fund Price Performance
NYSE:NNY traded down $0.01 during mid-day trading on Friday, reaching $8.23. 18,052 shares of the company's stock were exchanged, compared to its average volume of 50,977. Nuveen New York Municipal Value Fund has a one year low of $7.86 and a one year high of $8.70. The business's fifty day simple moving average is $8.19 and its two-hundred day simple moving average is $8.24.
Nuveen New York Municipal Value Fund Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were given a $0.0295 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.30%.
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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