Nuveen California Municipal Value Fund (NYSE:NCA) Short Interest Up 213.5% in August

Nuveen California Municipal Value Fund (NYSE:NCA) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 60,200 shares, an increase of 213.5% from the August 15th total of 19,200 shares. Based on an average trading volume of 55,600 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On Nuveen California Municipal Value Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Nuveen California Municipal Value Fund in the 2nd quarter valued at about $63,000. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in Nuveen California Municipal Value Fund during the fourth quarter worth about $105,000. Sanctuary Advisors LLC purchased a new position in Nuveen California Municipal Value Fund in the second quarter valued at about $119,000. Logan Stone Capital LLC acquired a new stake in shares of Nuveen California Municipal Value Fund during the 2nd quarter valued at approximately $151,000. Finally, Wedbush Securities Inc. boosted its stake in shares of Nuveen California Municipal Value Fund by 17.4% during the 2nd quarter. Wedbush Securities Inc. now owns 18,854 shares of the company’s stock worth $163,000 after acquiring an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 21.46% of the company’s stock.

Nuveen California Municipal Value Fund Price Performance

NYSE NCA remained flat at $9.19 during trading hours on Thursday. 34,803 shares of the company traded hands, compared to its average volume of 58,635. Nuveen California Municipal Value Fund has a 52-week low of $7.77 and a 52-week high of $9.19. The stock has a 50-day moving average of $8.93 and a 200-day moving average of $8.81.

Nuveen California Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a $0.029 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.79%.

About Nuveen California Municipal Value Fund

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.