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

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

Nuveen California Municipal Value Fund Price Performance

Shares of NCA stock traded down $0.04 during trading hours on Friday, hitting $8.65. 77,640 shares of the company’s stock were exchanged, compared to its average volume of 49,927. The stock’s 50-day moving average is $8.84 and its 200-day moving average is $8.67. Nuveen California Municipal Value Fund has a 52 week low of $7.77 and a 52 week high of $9.12.

Nuveen California Municipal Value Fund Announces Dividend

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

Hedge Funds Weigh In On Nuveen California Municipal Value Fund

A number of large investors have recently modified their holdings of NCA. RB Capital Management LLC increased its holdings in shares of Nuveen California Municipal Value Fund by 11.0% in the third quarter. RB Capital Management LLC now owns 15,328 shares of the company’s stock valued at $126,000 after purchasing an additional 1,518 shares in the last quarter. Mutual Advisors LLC increased its stake in shares of Nuveen California Municipal Value Fund by 18.1% in the 3rd quarter. Mutual Advisors LLC now owns 14,289 shares of the company’s stock valued at $117,000 after buying an additional 2,190 shares during the period. Miracle Mile Advisors LLC raised its position in shares of Nuveen California Municipal Value Fund by 17.6% during the first quarter. Miracle Mile Advisors LLC now owns 20,000 shares of the company’s stock worth $180,000 after acquiring an additional 3,000 shares during the last quarter. Ieq Capital LLC lifted its stake in shares of Nuveen California Municipal Value Fund by 50.0% during the third quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock valued at $123,000 after acquiring an additional 5,000 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its holdings in Nuveen California Municipal Value Fund by 28.1% in the third quarter. Stratos Wealth Partners LTD. now owns 23,855 shares of the company’s stock valued at $196,000 after acquiring an additional 5,226 shares during the last quarter. 21.46% of the stock is currently owned by institutional investors and hedge funds.

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.