Nuveen New York Municipal Value Fund (NYSE:NNY) Short Interest Up 92.6% in May

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Nuveen New York Municipal Value Fund (NYSE:NNYGet Rating) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 28,500 shares, an increase of 92.6% from the May 15th total of 14,800 shares. Based on an average trading volume of 46,800 shares, the short-interest ratio is currently 0.6 days.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Guggenheim Capital LLC increased its holdings in shares of Nuveen New York Municipal Value Fund by 20.5% during the 1st quarter. Guggenheim Capital LLC now owns 159,891 shares of the investment management company’s stock worth $1,443,000 after buying an additional 27,202 shares during the last quarter. 1607 Capital Partners LLC grew its position in Nuveen New York Municipal Value Fund by 247.8% in the first quarter. 1607 Capital Partners LLC now owns 99,271 shares of the investment management company’s stock worth $895,000 after acquiring an additional 70,726 shares during the period. UBS Group AG grew its position in Nuveen New York Municipal Value Fund by 11.0% in the first quarter. UBS Group AG now owns 301,237 shares of the investment management company’s stock worth $2,717,000 after acquiring an additional 29,884 shares during the period. Raymond James & Associates increased its stake in Nuveen New York Municipal Value Fund by 9.6% during the first quarter. Raymond James & Associates now owns 34,255 shares of the investment management company’s stock worth $309,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Fiera Capital Corp raised its position in Nuveen New York Municipal Value Fund by 184.8% in the first quarter. Fiera Capital Corp now owns 145,964 shares of the investment management company’s stock valued at $1,317,000 after purchasing an additional 94,713 shares during the period. Institutional investors and hedge funds own 22.26% of the company’s stock.

Shares of Nuveen New York Municipal Value Fund stock opened at $8.62 on Monday. The business’s 50 day moving average price is $8.79 and its 200 day moving average price is $9.31. Nuveen New York Municipal Value Fund has a one year low of $8.37 and a one year high of $10.35.

The business also recently announced a monthly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be paid a $0.023 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Tuesday, June 14th.

About Nuveen New York Municipal Value Fund (Get Rating)

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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