Nuveen New York Municipal Valu (NYSE:NNY) Stock Short Interest Report for September

Nuveen New York Municipal Valu (NYSE:NNY) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 17,540 shares, a growth of 249.5% from the September 15th total of 5,018 shares. Based on an average daily volume of 69,201 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Nuveen New York Municipal Valu

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in Nuveen New York Municipal Valu in the first quarter worth about $157,000. Cetera Investment Advisers lifted its position in Nuveen New York Municipal Valu by 26.2% during the 1st quarter. Cetera Investment Advisers now owns 18,585 shares of the investment management company’s stock valued at $155,000 after purchasing an additional 3,858 shares during the period. CoreCap Advisors LLC acquired a new position in Nuveen New York Municipal Valu during the 3rd quarter valued at about $26,000. Leigh Baldwin & CO. LLC lifted its position 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. Finally, Breakwater Capital Group boosted its stake in shares of Nuveen New York Municipal Valu by 6.6% in the 3rd 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. Institutional investors own 22.50% of the company’s stock.

Nuveen New York Municipal Valu Stock Performance

Shares of Nuveen New York Municipal Valu stock traded up $0.10 during midday trading on Friday, reaching $8.01. The company had a trading volume of 67,810 shares, compared to its average volume of 75,102. The stock has a fifty day simple moving average of $8.04 and a 200 day simple moving average of $8.37. Nuveen New York Municipal Valu has a 1-year low of $7.55 and a 1-year high of $8.94.

Nuveen New York Municipal Valu Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.0295 dividend. This represents a $0.35 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, October 15th.

About Nuveen New York Municipal Valu

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.