Nuveen New York Municipal Valu (NYSE:NNY) Short Interest Down 35.3% in August

Key Points

• Short interest in Nuveen New York Municipal Value (NYSE:NNY) decreased by 35.3% in August, dropping from 16,700 shares to 10,800 shares, resulting in a short-interest ratio of 0.3 days based on average trading volume.
• Several institutional investors have purchased new positions in the fund, leading to increased ownership among hedge funds and institutional investors to 22.50% of the stock.
• Nuveen New York Municipal Value Fund declared a monthly dividend of $0.0295, with an annualized yield of 4.3%, scheduled for payment on October 1st to stockholders of record as of September 15th.

Nuveen New York Municipal Valu (NYSE:NNY - ) was the target of a large decline in short interest in August. As of August 15th, there was short interest totaling 10,800 shares, adeclineof35.3% from the July 31st total of 16,700 shares. Based on an average daily volume of 42,000 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 42,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Grove Bank & Trust purchased a new position in shares of Nuveen New York Municipal Valu in the 1st quarter valued at $33,000. Opal Wealth Advisors LLC purchased a new position in shares of Nuveen New York Municipal Valu in the 1st quarter valued at $36,000. XTX Topco Ltd purchased a new position in shares of Nuveen New York Municipal Valu in the 1st quarter valued at $87,000. BCS Private Wealth Management Inc. purchased a new position in shares of Nuveen New York Municipal Valu in the 2nd quarter valued at $122,000. Finally, Realta Investment Advisors increased its holdings in shares of Nuveen New York Municipal Valu by 71.3% in the 2nd quarter. Realta Investment Advisors now owns 17,338 shares of the investment management company's stock valued at $141,000 after acquiring an additional 7,218 shares during the period. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen New York Municipal Valu Trading Up 0.9%

NYSE NNY traded up $0.07 on Friday, reaching $8.14. 47,078 shares of the stock traded hands, compared to its average volume of 41,493. The company has a fifty day moving average price of $8.07 and a 200-day moving average price of $8.14. Nuveen New York Municipal Valu has a 12 month low of $7.77 and a 12 month high of $8.87.

Nuveen New York Municipal Valu Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a $0.0295 dividend. The ex-dividend date is Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

About Nuveen New York Municipal Valu

Nuveen New York Municipal Value Fund, Inc is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.

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