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

Key Points

• Nuveen New York Municipal Value Fund experienced a significant increase in short interest, rising 176.8% in July to 15,500 shares.
• Institutional investors have been actively acquiring positions in the fund, with Leigh Baldwin & CO. LLC and others investing over $2 million combined during the fourth quarter.
• The fund announced a monthly dividend of $0.0295 per share, resulting in an annualized dividend yield of 4.4% for stockholders of record as of July 15th.

Nuveen New York Municipal Valu (NYSE:NNY - ) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 15,500 shares, agrowthof176.8% from the June 30th total of 5,600 shares. Based on an average trading volume of 38,800 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 38,800 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Nuveen New York Municipal Valu

Hedge funds and other institutional investors have recently made changes to their positions in the business. Leigh Baldwin & CO. LLC acquired a new position in Nuveen New York Municipal Valu during the fourth quarter worth approximately $848,000. Logan Stone Capital LLC acquired a new position in shares of Nuveen New York Municipal Valu in the fourth quarter valued at approximately $765,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Nuveen New York Municipal Valu in the fourth quarter valued at approximately $591,000. Raymond James Financial Inc. acquired a new position in shares of Nuveen New York Municipal Valu in the fourth quarter valued at approximately $373,000. Finally, 1607 Capital Partners LLC increased its holdings in shares of Nuveen New York Municipal Valu by 6.4% in the fourth quarter. 1607 Capital Partners LLC now owns 705,978 shares of the investment management company's stock valued at $5,678,000 after purchasing an additional 42,351 shares during the period. Institutional investors and hedge funds own 22.57% of the company's stock.

Nuveen New York Municipal Valu Stock Performance

Shares of Nuveen New York Municipal Valu stock opened at $8.07 on Monday. The business has a 50-day moving average of $8.09 and a 200 day moving average of $8.17. 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 firm also recently announced a monthly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th were given a dividend of $0.0295 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, July 15th.

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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