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

by · The Cerbat Gem

Nuveen California Municipal Value Fund (NYSE:NCA – Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 75,900 shares, a growth of 43.8% from the March 15th total of 52,800 shares. Based on an average trading volume of 82,800 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its stake in shares of Nuveen California Municipal Value Fund by 45.8% in the third quarter. HighTower Advisors LLC now owns 17,500 shares of the company’s stock worth $160,000 after acquiring an additional 5,500 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Nuveen California Municipal Value Fund by 36.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 29,688 shares of the company’s stock worth $251,000 after purchasing an additional 7,997 shares during the last quarter. Mutual Advisors LLC increased its holdings in shares of Nuveen California Municipal Value Fund by 12.6% during the 4th quarter. Mutual Advisors LLC now owns 18,752 shares of the company’s stock worth $158,000 after purchasing an additional 2,096 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Nuveen California Municipal Value Fund during the fourth quarter valued at about $1,137,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Nuveen California Municipal Value Fund in the fourth quarter valued at about $533,000. 21.46% of the stock is owned by institutional investors.

Nuveen California Municipal Value Fund Stock Up 0.2 %

Nuveen California Municipal Value Fund stock traded up $0.02 during trading hours on Friday, reaching $8.32. 139,979 shares of the company were exchanged, compared to its average volume of 81,118. The stock has a 50-day moving average of $8.58 and a 200 day moving average of $8.68. Nuveen California Municipal Value Fund has a 12 month low of $8.24 and a 12 month high of $9.23.

Nuveen California Municipal Value Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.029 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Tuesday, April 15th.

About Nuveen California Municipal Value Fund

(Get Free Report)

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.

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