Nuveen New York Municipal Valu (NYSE:NNY) Short Interest Update

Nuveen New York Municipal Valu (NYSE:NNY) was the target 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 short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Nuveen New York Municipal Valu Price Performance

NYSE:NNY remained flat at $8.17 during midday trading on Friday. 27,141 shares of the company traded hands, compared to its average volume of 42,527. The stock has a fifty day moving average of $8.46 and a two-hundred day moving average of $8.52. Nuveen New York Municipal Valu has a 12-month low of $8.02 and a 12-month high of $8.94.

Nuveen New York Municipal Valu Announces Dividend

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

Institutional Trading of Nuveen New York Municipal Valu

A number of hedge funds and other institutional investors have recently made changes to their positions in NNY. UBS Group AG boosted its position in shares of Nuveen New York Municipal Valu by 3.9% in 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 during the period. Guggenheim Capital LLC grew its stake in Nuveen New York Municipal Valu by 3.4% during the 4th quarter. Guggenheim Capital LLC now owns 414,328 shares of the investment management company’s stock worth $3,547,000 after buying an additional 13,519 shares during the last quarter. Fiera Capital Corp acquired a new position in Nuveen New York Municipal Valu during the fourth quarter worth approximately $1,751,000. Leigh Baldwin & CO. LLC increased its position in 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 period. Finally, Osaic Holdings Inc. increased its position in Nuveen New York Municipal Valu by 14.0% during the fourth quarter. Osaic Holdings Inc. now owns 117,848 shares of the investment management company’s stock worth $1,009,000 after buying an additional 14,494 shares during the period. Institutional investors and hedge funds own 22.50% of the company’s stock.

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.