Short Interest in Nuveen New York Municipal Valu (NYSE:NNY) Drops By 51.5%

Nuveen New York Municipal Valu (NYSE:NNYGet Free Report) was the target of a significant 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 stock are short sold. Based on an average daily volume of 42,191 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen New York Municipal Valu Stock Down 0.1%

Shares of NNY stock traded down $0.01 on Tuesday, hitting $8.26. 8,174 shares of the stock traded hands, compared to its average volume of 34,433. Nuveen New York Municipal Valu has a 52 week low of $8.00 and a 52 week high of $8.94. The firm has a 50 day simple moving average of $8.55 and a two-hundred day simple moving average of $8.54.

Nuveen New York Municipal Valu Dividend Announcement

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

Institutional Investors Weigh In On Nuveen New York Municipal Valu

A number of institutional investors and hedge funds have recently bought and sold shares of NNY. Bank of New York Mellon Corp bought a new position in shares of Nuveen New York Municipal Valu in the second quarter worth about $128,000. Leigh Baldwin & CO. LLC raised its stake in Nuveen New York Municipal Valu by 2.6% during the 1st quarter. Leigh Baldwin & CO. LLC now owns 119,818 shares of the investment management company’s stock valued at $1,000,000 after purchasing an additional 3,086 shares during the period. Cetera Investment Advisers lifted its holdings in Nuveen New York Municipal Valu by 26.2% in the 1st quarter. Cetera Investment Advisers now owns 18,585 shares of the investment management company’s stock worth $155,000 after purchasing an additional 3,858 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Nuveen New York Municipal Valu in the 1st quarter worth approximately $157,000. Finally, Corient Private Wealth LLC bought a new position in Nuveen New York Municipal Valu in the 4th quarter worth approximately $220,000. 22.50% of the stock is owned by institutional investors.

Nuveen New York Municipal Valu Company Profile

(Get Free Report)

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.

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