Nuveen California Municipal Va (NYSE:NCA) Short Interest Down 26.8% in October

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 39,000 shares, a drop of 26.8% from the September 30th total of 53,300 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 73,700 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 73,700 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Nuveen California Municipal Va Price Performance

Shares of NYSE NCA remained flat at $9.07 during mid-day trading on Monday. 75,630 shares of the company were exchanged, compared to its average volume of 78,981. The stock has a 50-day simple moving average of $8.78 and a 200 day simple moving average of $8.59. Nuveen California Municipal Va has a 1 year low of $8.22 and a 1 year high of $9.11.

Nuveen California Municipal Va Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be given a $0.029 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NCA. LPL Financial LLC grew its position in shares of Nuveen California Municipal Va by 45.6% in the 1st quarter. LPL Financial LLC now owns 294,124 shares of the company’s stock valued at $2,544,000 after buying an additional 92,090 shares during the last quarter. Atlas Private Wealth Advisors grew its position in shares of Nuveen California Municipal Va by 208.5% in the 2nd quarter. Atlas Private Wealth Advisors now owns 100,988 shares of the company’s stock valued at $877,000 after buying an additional 68,256 shares during the last quarter. Guggenheim Capital LLC grew its position in shares of Nuveen California Municipal Va by 10.4% in the 2nd quarter. Guggenheim Capital LLC now owns 711,069 shares of the company’s stock valued at $6,172,000 after buying an additional 67,225 shares during the last quarter. Wolverine Asset Management LLC grew its position in shares of Nuveen California Municipal Va by 76.9% in the 1st quarter. Wolverine Asset Management LLC now owns 142,542 shares of the company’s stock valued at $1,233,000 after buying an additional 61,945 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Nuveen California Municipal Va by 9.9% in the 1st quarter. Advisors Asset Management Inc. now owns 638,123 shares of the company’s stock valued at $5,520,000 after buying an additional 57,664 shares during the last quarter. 21.46% of the stock is owned by hedge funds and other institutional investors.

About Nuveen California Municipal Va

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.