Nuveen California Municipal Value Fund, Inc. (NYSE:NCA) Short Interest Up 27.1% in September

Nuveen California Municipal Value Fund, Inc. (NYSE:NCA) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 62,300 shares, a growth of 27.1% from the September 15th total of 49,000 shares. Based on an average daily volume of 30,600 shares, the short-interest ratio is currently 2.0 days.

Large investors have recently bought and sold shares of the company. Castle Rock Wealth Management LLC grew its holdings in shares of Nuveen California Municipal Value Fund by 16.5% during the first quarter. Castle Rock Wealth Management LLC now owns 14,175 shares of the company’s stock valued at $138,000 after buying an additional 2,003 shares during the last quarter. Paragon Capital Management Ltd purchased a new position in shares of Nuveen California Municipal Value Fund during the 2nd quarter worth $153,000. RB Capital Management LLC boosted its stake in shares of Nuveen California Municipal Value Fund by 11.4% during the 2nd quarter. RB Capital Management LLC now owns 15,803 shares of the company’s stock worth $162,000 after acquiring an additional 1,614 shares during the last quarter. Garrison Point Advisors LLC boosted its stake in shares of Nuveen California Municipal Value Fund by 8.8% during the 2nd quarter. Garrison Point Advisors LLC now owns 18,550 shares of the company’s stock worth $190,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Advisor Group Holdings Inc. purchased a new position in shares of Nuveen California Municipal Value Fund during the 1st quarter worth $197,000. Hedge funds and other institutional investors own 12.58% of the company’s stock.

Shares of NYSE NCA traded down $0.06 on Friday, reaching $10.28. 49,938 shares of the company’s stock traded hands, compared to its average volume of 42,004. Nuveen California Municipal Value Fund has a 12 month low of $8.74 and a 12 month high of $10.98. The business’s 50 day simple moving average is $10.62 and its two-hundred day simple moving average is $10.27.

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.0265 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Wednesday, October 14th.

Nuveen California Municipal Value Fund Company Profile

Nuveen California Municipal Value Fund, Inc 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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