Nuveen New York Municipal Value Fund (NYSE:NNY) Short Interest Down 61.5% in October

Nuveen New York Municipal Value Fund (NYSE:NNY) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 10,400 shares, a decline of 61.5% from the October 15th total of 27,000 shares. Based on an average trading volume of 41,300 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC grew its position in Nuveen New York Municipal Value Fund by 761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 24,461 shares of the investment management company’s stock worth $211,000 after acquiring an additional 21,620 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new position in Nuveen New York Municipal Value Fund in the 2nd quarter valued at approximately $104,000. Wolverine Asset Management LLC boosted its position in Nuveen New York Municipal Value Fund by 58.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 114,877 shares of the investment management company’s stock worth $952,000 after buying an additional 42,363 shares during the period. Tortoise Investment Management LLC raised its stake in shares of Nuveen New York Municipal Value Fund by 7.1% during the second quarter. Tortoise Investment Management LLC now owns 909,458 shares of the investment management company’s stock valued at $7,539,000 after acquiring an additional 59,926 shares during the last quarter. Finally, Herold Advisors Inc. lifted its holdings in shares of Nuveen New York Municipal Value Fund by 10.8% during the second quarter. Herold Advisors Inc. now owns 31,668 shares of the investment management company’s stock worth $263,000 after purchasing an additional 3,095 shares during the period. Institutional investors own 22.57% of the company’s stock.

Nuveen New York Municipal Value Fund Stock Down 0.8 %

NYSE:NNY traded down $0.07 during trading hours on Wednesday, hitting $8.31. 79,533 shares of the stock were exchanged, compared to its average volume of 42,345. The company’s 50 day moving average is $8.50 and its two-hundred day moving average is $8.39. Nuveen New York Municipal Value Fund has a twelve month low of $7.85 and a twelve month high of $8.70.

Nuveen New York Municipal Value Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.0295 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.35 annualized dividend and a yield of 4.26%.

Nuveen New York Municipal Value Fund Company Profile

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.