Nuveen New York Municipal Valu (NYSE:NNY) Shares Shorted: Short Interest Up 249.5% in September

Nuveen New York Municipal Valu (NYSE:NNY – Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 17,540 shares, an increase of 249.5% from the September 15th total of 5,018 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 69,201 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen New York Municipal Valu Trading Up 0.8%

NYSE NNY traded up $0.07 during trading hours on Monday, reaching $8.04. 32,682 shares of the company’s stock traded hands, compared to its average volume of 40,057. Nuveen New York Municipal Valu has a 52-week low of $7.55 and a 52-week high of $8.94. The firm has a 50-day simple moving average of $8.04 and a 200 day simple moving average of $8.37.

Nuveen New York Municipal Valu Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be issued a $0.0295 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Thursday, October 15th.

Hedge Funds Weigh In On Nuveen New York Municipal Valu

Institutional investors and hedge funds have recently made changes to their positions in the business. Breakwater Capital Group lifted its holdings in shares of Nuveen New York Municipal Valu by 6.6% during the third quarter. Breakwater Capital Group now owns 31,341 shares of the investment management company’s stock valued at $244,000 after purchasing an additional 1,935 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of Nuveen New York Municipal Valu in the 3rd quarter worth approximately $26,000. Susquehanna International Group LLP boosted its position in shares of Nuveen New York Municipal Valu by 14.1% in the 2nd quarter. Susquehanna International Group LLP now owns 15,601 shares of the investment management company’s stock worth $136,000 after purchasing an additional 1,933 shares in the last quarter. Leigh Baldwin & CO. LLC boosted its position in shares of Nuveen New York Municipal Valu by 2.6% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 119,818 shares of the investment management company’s stock worth $1,000,000 after purchasing an additional 3,086 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of 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 buying an additional 3,858 shares during the last quarter. Institutional investors own 22.50% of the company’s stock.

Nuveen New York Municipal Valu Company Profile

(Get Free Report)

Nuveen New York Municipal Value Fund (NYSE: NNY) is a closed-end investment company designed to provide current income that is exempt from regular federal income tax and New York State and New York City personal income taxes, subject to applicable tax rules. The fund is intended for investors seeking tax-advantaged income and may also pursue capital appreciation as a secondary objective.

The fund invests primarily in municipal securities issued by New York State, its municipalities and public authorities, as well as other qualifying issuers.

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