Nuveen California Municipal Value Fund, Inc. (NYSE:NCA) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 14,800 shares, a drop of 26.7% from the March 31st total of 20,200 shares. Based on an average daily trading volume, of 48,300 shares, the short-interest ratio is currently 0.3 days.
Shares of NYSE:NCA traded up $0.03 during trading on Tuesday, reaching $10.27. 27,350 shares of the company traded hands, compared to its average volume of 47,082. The firm has a fifty day simple moving average of $10.21 and a 200 day simple moving average of $10.43. Nuveen California Municipal Value Fund has a 1-year low of $9.56 and a 1-year high of $11.00.
The firm also recently disclosed a monthly dividend, which was paid on Monday, May 3rd. Investors of record on Thursday, April 15th were paid a $0.0265 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Wednesday, April 14th. This is a positive change from Nuveen California Municipal Value Fund’s previous monthly dividend of $0.02.
About Nuveen California Municipal Value Fund
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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