Nuveen New York Municipal Value Fund (NYSE:NNY – Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 34,700 shares, a drop of 25.7% from the August 15th total of 46,700 shares. Based on an average daily volume of 39,700 shares, the short-interest ratio is currently 0.9 days.
Nuveen New York Municipal Value Fund Trading Up 0.2 %
NYSE NNY traded up $0.02 on Friday, hitting $8.56. 87,431 shares of the stock were exchanged, compared to its average volume of 43,243. The company’s 50-day moving average price is $8.45 and its two-hundred day moving average price is $8.32. Nuveen New York Municipal Value Fund has a 52-week low of $7.58 and a 52-week high of $8.62.
Nuveen New York Municipal Value Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Friday, September 13th.
Institutional Investors Weigh In On Nuveen New York Municipal Value Fund
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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