Short Interest in Nuveen California Municipal Va (NYSE:NCA) Increases By 22.2%

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 75,626 shares, a growth of 22.2% from the February 12th total of 61,879 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 70,299 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 70,299 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Nuveen California Municipal Va

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new position in Nuveen California Municipal Va in the third quarter valued at approximately $33,000. Comerica Bank acquired a new stake in shares of Nuveen California Municipal Va in the 1st quarter valued at approximately $62,000. Summitry LLC acquired a new stake in shares of Nuveen California Municipal Va in the 3rd quarter valued at approximately $111,000. Ieq Capital LLC grew its stake in shares of Nuveen California Municipal Va by 19.0% in the fourth quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock valued at $134,000 after buying an additional 2,390 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Nuveen California Municipal Va in the fourth quarter valued at $140,000. 21.46% of the stock is currently owned by institutional investors and hedge funds.

Nuveen California Municipal Va Price Performance

Shares of NCA traded up $0.16 during mid-day trading on Monday, hitting $9.43. 58,600 shares of the company’s stock were exchanged, compared to its average volume of 66,711. Nuveen California Municipal Va has a 52 week low of $8.22 and a 52 week high of $9.80. The company has a 50-day simple moving average of $9.42 and a 200 day simple moving average of $9.08.

Nuveen California Municipal Va Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, March 13th. This is a positive change from Nuveen California Municipal Va’s previous monthly dividend of $0.03. This represents a c) annualized dividend and a yield of 3.8%.

Nuveen California Municipal Va Company Profile

Nuveen California Municipal Value Fund, Inc (NYSE: NCA) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and California state income taxes. The fund pursues its objective by investing substantially all of its assets in a diversified portfolio of municipal securities issued by entities located in or having projects based in California. Its holdings primarily include revenue and general obligation bonds, with an emphasis on investment-grade and select high-yield issues.

The portfolio management team employs a disciplined credit analysis process to assess the financial strength, revenue streams and underlying collateral of each issuer.