Nuveen New York Municipal Value Fund 2 (NYSE:NYV) Short Interest Update

Nuveen New York Municipal Value Fund 2 (NYSE:NYV) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,500 shares, an increase of 400.0% from the December 15th total of 300 shares. Based on an average trading volume of 3,800 shares, the short-interest ratio is currently 0.4 days.

Hedge funds have recently bought and sold shares of the business. Rivernorth Capital Management LLC raised its position in shares of Nuveen New York Municipal Value Fund 2 by 3.3% during the third quarter. Rivernorth Capital Management LLC now owns 141,067 shares of the company’s stock worth $2,088,000 after acquiring an additional 4,470 shares during the last quarter. Tortoise Investment Management LLC boosted its position in shares of Nuveen New York Municipal Value Fund 2 by 57.8% during the third quarter. Tortoise Investment Management LLC now owns 36,808 shares of the company’s stock valued at $545,000 after buying an additional 13,478 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Nuveen New York Municipal Value Fund 2 during the third quarter valued at approximately $251,000. Icon Advisers Inc. Co. purchased a new position in shares of Nuveen New York Municipal Value Fund 2 during the third quarter valued at approximately $834,000. Finally, Shelton Capital Management purchased a new position in shares of Nuveen New York Municipal Value Fund 2 during the third quarter valued at approximately $881,000.

NYV opened at $14.88 on Thursday. Nuveen New York Municipal Value Fund 2 has a 1-year low of $11.00 and a 1-year high of $15.71. The stock’s fifty day simple moving average is $14.86 and its 200 day simple moving average is $14.64.

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 1st. Shareholders of record on Friday, January 15th will be given a dividend of $0.0285 per share. This represents a $0.34 annualized dividend and a yield of 2.30%. The ex-dividend date is Thursday, January 14th.

Nuveen New York Municipal Value Fund 2 Company Profile

Nuveen New York Municipal Value Fund 2 is a close-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 fixed income markets of New York. The fund primarily invests its assets in a portfolio of municipal securities with an objective to provide current income exempt from regular federal and New York income taxes.

Further Reading: Insider Trading – What You Need to Know

Receive News & Ratings for Nuveen New York Municipal Value Fund 2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen New York Municipal Value Fund 2 and related companies with MarketBeat.com's FREE daily email newsletter.