Nuveen California Municipal Value Fund (NYSE:NCA) Short Interest Update

Nuveen California Municipal Value Fund (NYSE:NCA) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 40,500 shares, a decline of 18.7% from the September 30th total of 49,800 shares. Based on an average daily volume of 55,200 shares, the short-interest ratio is presently 0.7 days.

Nuveen California Municipal Value Fund Trading Down 0.1 %

Shares of NYSE:NCA traded down $0.01 during trading on Wednesday, reaching $8.89. The company had a trading volume of 63,714 shares, compared to its average volume of 58,527. The stock’s fifty day moving average price is $9.09 and its 200 day moving average price is $8.86. Nuveen California Municipal Value Fund has a fifty-two week low of $7.84 and a fifty-two week high of $9.23.

Nuveen California Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a $0.029 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Tuesday, October 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NCA. Sweeney & Michel LLC acquired a new position in Nuveen California Municipal Value Fund during the first quarter worth $815,000. Advisors Asset Management Inc. boosted its position in Nuveen California Municipal Value Fund by 11.7% during the first quarter. Advisors Asset Management Inc. now owns 595,091 shares of the company’s stock worth $5,356,000 after purchasing an additional 62,261 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in Nuveen California Municipal Value Fund during the second quarter worth $529,000. Sterling Group Wealth Management LLC purchased a new stake in Nuveen California Municipal Value Fund during the second quarter worth $468,000. Finally, First Foundation Advisors boosted its position in Nuveen California Municipal Value Fund by 13.4% during the second quarter. First Foundation Advisors now owns 236,087 shares of the company’s stock worth $2,047,000 after purchasing an additional 27,910 shares in the last quarter. Institutional investors and hedge funds own 21.46% of the company’s stock.

Nuveen California Municipal Value Fund Company Profile

Nuveen California Municipal Value Fund 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 California. The fund invests primarily in municipal securities rated Baa/BBB or better.