Nuveen New York Municipal Valu (NYSE:NNY) Short Interest Down 63.5% in August

Nuveen New York Municipal Valu (NYSE:NNY) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 5,065 shares, a decrease of 63.5% from the July 30th total of 13,890 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 40,914 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Nuveen New York Municipal Valu

A number of hedge funds and other institutional investors have recently made changes to their positions in NNY. Fiera Capital Corp bought a new stake in Nuveen New York Municipal Valu in the fourth quarter valued at approximately $1,751,000. Marshall & Sterling Wealth Advisors Inc. raised its holdings in Nuveen New York Municipal Valu by 5.0% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 61,730 shares of the investment management company’s stock worth $529,000 after purchasing an additional 2,932 shares during the last quarter. UBS Group AG boosted its position in shares of Nuveen New York Municipal Valu by 3.9% during the 4th quarter. UBS Group AG now owns 538,911 shares of the investment management company’s stock valued at $4,615,000 after purchasing an additional 20,349 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of 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 purchasing an additional 28,449 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Nuveen New York Municipal Valu by 69.2% during the third quarter. Bank of America Corp DE now owns 29,302 shares of the investment management company’s stock worth $242,000 after purchasing an additional 11,981 shares during the period. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen New York Municipal Valu Price Performance

NYSE:NNY remained flat at $8.17 during trading hours on Friday. The company had a trading volume of 27,141 shares, compared to its average volume of 34,814. Nuveen New York Municipal Valu has a twelve month low of $8.02 and a twelve month high of $8.94. The business’s 50 day moving average is $8.47 and its two-hundred day moving average is $8.52.

Nuveen New York Municipal Valu Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders 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 dividend yield of 4.3%. The ex-dividend date is Friday, August 14th.

Nuveen New York Municipal Valu Company Profile

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.