Short Interest in Nuveen New York Municipal Valu (NYSE:NNY) Declines By 63.5%

Nuveen New York Municipal Valu (NYSE:NNY) was the recipient of a large decrease in short interest in 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. Based on an average daily trading volume, of 40,914 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of Nuveen New York Municipal Valu

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NNY. Susquehanna International Group LLP lifted its position in Nuveen New York Municipal Valu by 14.1% during the 2nd quarter. Susquehanna International Group LLP now owns 15,601 shares of the investment management company’s stock valued at $136,000 after purchasing an additional 1,933 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Nuveen New York Municipal Valu during the 2nd quarter worth approximately $128,000. Leigh Baldwin & CO. LLC raised its stake in shares of Nuveen New York Municipal Valu by 2.6% during the first quarter. Leigh Baldwin & CO. LLC now owns 119,818 shares of the investment management company’s stock worth $1,000,000 after buying an additional 3,086 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Nuveen New York Municipal Valu by 26.2% during the first quarter. Cetera Investment Advisers now owns 18,585 shares of the investment management company’s stock worth $155,000 after buying an additional 3,858 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Nuveen New York Municipal Valu in the first quarter valued at approximately $157,000. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen New York Municipal Valu Stock Performance

Shares of NYSE NNY remained flat at $8.17 during midday trading on Friday. The stock had a trading volume of 27,141 shares, compared to its average volume of 42,527. The stock has a fifty day simple moving average of $8.46 and a 200-day simple moving average of $8.52. Nuveen New York Municipal Valu has a one year low of $8.02 and a one year high of $8.94.

Nuveen New York Municipal Valu Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a $0.0295 dividend. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a yield of 4.3%.

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.