Nuveen New York Municipal Valu (NYSE:NNY) Sees Large Decrease in Short Interest

Nuveen New York Municipal Valu (NYSE:NNY) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 13,890 shares, a decrease of 51.5% from the July 15th total of 28,668 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 42,191 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Nuveen New York Municipal Valu

Hedge funds and other institutional investors have recently modified their holdings of the business. Fiera Capital Corp purchased a new stake in Nuveen New York Municipal Valu during the 4th quarter worth about $1,751,000. Raymond James Financial Inc. grew its holdings in Nuveen New York Municipal Valu by 71.2% during the 3rd quarter. Raymond James Financial Inc. now owns 68,416 shares of the investment management company’s stock valued at $565,000 after buying an additional 28,449 shares in the last quarter. Corient Private Wealth LLC purchased a new position in Nuveen New York Municipal Valu during the 4th quarter valued at about $220,000. Leigh Baldwin & CO. LLC increased its position in shares of Nuveen New York Municipal Valu by 27.0% during the fourth quarter. Leigh Baldwin & CO. LLC now owns 116,732 shares of the investment management company’s stock valued at $1,000,000 after buying an additional 24,839 shares during the period. Finally, UBS Group AG increased its position in shares of Nuveen New York Municipal Valu by 3.9% during the fourth quarter. UBS Group AG now owns 538,911 shares of the investment management company’s stock valued at $4,615,000 after buying an additional 20,349 shares during the period. Institutional investors own 22.50% of the company’s stock.

Nuveen New York Municipal Valu Trading Down 0.4%

NNY traded down $0.03 during trading hours on Monday, hitting $8.27. The stock had a trading volume of 19,384 shares, compared to its average volume of 34,604. Nuveen New York Municipal Valu has a 1 year low of $8.00 and a 1 year high of $8.94. The company’s fifty day simple moving average is $8.55 and its 200 day simple moving average is $8.54.

Nuveen New York Municipal Valu Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a dividend of $0.0295 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, August 14th.

About Nuveen New York Municipal Valu

Nuveen New York Municipal Value Fund, Inc (NYSE: NNY) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State income taxes. The fund primarily invests in investment-grade municipal securities issued by public issuers in the State of New York, including general obligation bonds and revenue bonds issued to finance essential public projects such as schools, transportation infrastructure and utility systems.

As a diversified municipal bond fund, NNY’s portfolio spans a broad range of maturities and credit qualities within the investment-grade universe.