Nuveen California Municipal Value Fund (NYSE:NCA) Short Interest Down 27.2% in April

Nuveen California Municipal Value Fund (NYSE:NCA) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 32,600 shares, a decrease of 27.2% from the March 31st total of 44,800 shares. Based on an average daily trading volume, of 56,600 shares, the days-to-cover ratio is presently 0.6 days.

Nuveen California Municipal Value Fund Trading Down 0.5 %

Shares of NYSE:NCA traded down $0.04 on Friday, hitting $8.65. The company’s stock had a trading volume of 77,640 shares, compared to its average volume of 49,927. Nuveen California Municipal Value Fund has a 12 month low of $7.77 and a 12 month high of $9.12. The stock’s 50-day moving average is $8.84 and its two-hundred day moving average is $8.67.

Nuveen California Municipal Value Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a dividend of $0.029 per share. The ex-dividend date is Friday, April 12th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.02%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its position in Nuveen California Municipal Value Fund by 13.7% in the third quarter. UBS Group AG now owns 1,025,429 shares of the company’s stock worth $8,419,000 after purchasing an additional 123,644 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Nuveen California Municipal Value Fund by 3.7% in the third quarter. Advisors Asset Management Inc. now owns 538,181 shares of the company’s stock valued at $4,418,000 after buying an additional 18,956 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in Nuveen California Municipal Value Fund by 15.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 343,363 shares of the company’s stock valued at $2,819,000 after buying an additional 45,292 shares in the last quarter. First Foundation Advisors grew its holdings in Nuveen California Municipal Value Fund by 11.0% during the third quarter. First Foundation Advisors now owns 207,332 shares of the company’s stock worth $1,702,000 after acquiring an additional 20,482 shares during the period. Finally, Raymond James & Associates raised its position in Nuveen California Municipal Value Fund by 69.8% in the fourth quarter. Raymond James & Associates now owns 66,913 shares of the company’s stock worth $600,000 after acquiring an additional 27,500 shares in the last quarter. 21.46% of the stock is currently owned by institutional investors.

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.